Start or expand your business with loans guaranteed by the Small Business Administration.
The SBA guarantees loans
The SBA works with lenders to provide loans to small businesses. The agency doesn’t lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. The SBA guarantees these loans will be repaid, which eliminates some risk for the lending partners.
Benefits of SBA-guaranteed loans
SBA-guaranteed loans generally have rates and fees that are comparable to non-guaranteed loans.
2.Counseling and education
Some loans come with continued support to help you start and run your business.
Lower down payments, flexible overhead requirements, and no collateral needed for some loans.
Get $500 to $5.5 million to fund your business
Loans guaranteed by the SBA range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital. Some loan programs set restrictions on how you can use the funds, so check with an SBA-approved lender when requesting a loan. Your lender can match you with the right loan for your business needs.
Like seasonal financing, export loans, revolving credit, and refinanced business debt.
Like furniture, real estate, machinery, equipment, construction, and remodeling.
Lenders and loan programs have unique eligibility requirements. In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates. Normally, businesses must meet size requirements, be able to repay, and have a sound business purpose. Even those with bad credit may qualify for startup funding. The lender will provide you with a full list of eligibility requirements for your loan.
Be registered as a business
The business is officially registered as such and operates legally.
Do business in the U.S.
The business is physically located and operates in the U.S. or its territories.
Have invested equity
The business owner has invested their own time or money into the business.
Exhaust financing options
The business cannot get funds from any other financial lender.
business loans financing; business capital; small business loan; small business loans; business loans; business loan small; business loan; small loan; financing small; business loan; get business loan; business finance; business loans small business; finance business; business cash advance; business line credit; small business; financing loan; fast business loans; financing business loan; business financing; online small business loans; small business financing.