General Information on SBA Loans

All SBA loan programs lend to small businesses unable to secure financing on reasonable terms through normal lending channels. The loan programs are operated through private-sector lenders that provide loans which are, in turn, guaranteed by the SBA -- the Agency has no funds for direct lending or grants. Most private lenders (banks, credit unions, etc.) are familiar with SBA loan programs.

Different forms of SBA loans
Loan Guaranty Program: One of the SBA's primary loan programs, offers loans of up to $2,000,000. (The maximum dollar amount the SBA can guaranty is generally $1 million.)

Certified Development Company (CDC), a 504 Loan Program: Provides long-term, fixed-rate financing to small businesses to acquire real estate or machinery or equipment for expansion or modernization.

Microloan Program: This new program offers loans of up to $35,000 to qualified start-up, newly established, or growing small business concerns. Loans are arranged through nonprofit community based lenders (intermediaries) which, in turn, make loans to eligible borrowers. The entire Microloan process is handled on the local level, but you must go to one of the local intermediaries to apply.

Disaster Recovery Loans: If you are in a declared disaster area and are the victim of a disaster, you may be eligible for financial assistance from the U.S. Small Business Administration - even if you don't own a business. As a homeowner, renter and/or personal-property owner, you may apply to the SBA for a loan to help you recover from a disaster.

Veterans & Disabled Persons?: Unfortunately, the SBA has not been granted funds to offer special loan programs to assist either veterans or disabled persons. However, individuals of both groups are eligible for all SBA loan guaranty programs. In addition, veterans are eligible for special consideration under SBA's guaranty loan programs. The special consideration given veterans includes: Liaison personnel in each field office; In-depth management counseling and training assistance; and, Prompt and priority processing of any loan application.

Check out the following sba companies below for those that suit to your needs

Indianwellscapital

  • Lower Interest Rates
  • Longer terms
  • Easy to qualify
  • One of the best tools
  • *See website for complete terms and conditions
HSBC

  • SBA Express
  • 7(a) Loan Guarantee Program
  • Preferred Lender Program (PLP)
  • *See website for complete terms and conditions
Wellsfargo

  • Financing for Developers & Builders
  • free pay day loans and cash advance wired same day for new customers
  • Financing for Healthcare Practitioners
  • A streamlined loan application process to access funding for working capital to purchase land, buildings, equipment and inventory.
  • *See website for complete terms and conditions
TransAmerica Capital Group

  • Equipment Leasing
  • Medical and Dental Financing
  • Debt Restructuring
  • SBA Loan Program
  • *See website for complete terms and conditions
BizBuyFinancing

  • Your best loan tool
  • Low interest rates
  • guarantee of upto 80% of loan
  • *See website for complete terms and conditions
SBA Loan Refinance

  • commercial real estate
  • financing for small to large business owners
  • We work with a number of specialized lenders who are understand the needs and risks associated with lending to different business types and risk types
  • *See website for complete terms and conditions
CIT Small Buisness Lending

  • Real estate
  • Business Acquisition
  • Franchise Financing
  • Practise Finance
  • *See website for complete terms and conditions
Monteco Bank&Trust

  • Real Estate and Other Illiquid Assets
  • investmentwealth management needs of clients
  • Premier Performing Bank
  • *See website for complete terms and conditions

 

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