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https://www.sba.gov/funding-programs/loans
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Loans
The SBA helps small businesses get 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
reduces risk for lenders and makes it easier for them to access capital.
That makes it easier for small businesses to get loans.
Benefits of SBA-guaranteed loans
Competitive terms
SBA-guaranteed loans generally have rates and fees that are comparable to non-guaranteed loans.
Counseling and education
Some loans come with continued support to help you start and run your business.
Unique benefits
Lower down payments, flexible overhead requirements, and no collateral needed for some loans.
Stay safe
Protect yourself from predatory lenders by looking for warning signs.
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.
Working capital
Like seasonal financing, export loans, revolving credit, and refinanced business debt.
Fixed assets
Like furniture, real estate, machinery, equipment, construction, and remodeling.
Eligibility requirements
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 standards,
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 a for-profit business
The business is officially registered 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.
Fund your business with an SBA-guaranteed loan.
Get matched to an SBA-approved lender and find the best loans to start and grow your small business.
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