![]() SBA loans are offered by participating banks, credit unions, and a few specially-licensed non-bank lenders. Small Business Administration) isn’t a lender, it has guaranteed millions of small business loans since it was established in 1953. The Disaster Loan Program: A loan designed to help business owners recover from damage or loss caused by a natural disasterĪlthough the SBA (U.S.The SBA Microloan Program: This loan program is designed for very small loans (under $50,000) for new and growing businesses.The CDC 504 Loan: A popular loan used to finance fixed assets like equipment or real estate.The 7(a) Loan: The most popular and flexible SBA loan product. ![]() There are also a number of different SBA loan types intended for different business purposes. The guarantee is designed to make it easier for the bank to approve a loan to a borrower whose credit worthiness might fall just below the normal qualifying criteria at the bank. The first thing you need to know is that the SBA isn’t actually a lender-most SBA loans will come from your local bank and are guaranteed by the SBA. Before you apply, there are a few things you need to know about an SBA loan. Many small business owners think of SBA loans when they contemplate borrowing to fuel growth, expand, or finance some other business initiative.
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