Archive for the ‘SBA’ Category

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Grants For Start Up Costs

Ask the government for grants for start up costs, and you shall receive. That seems to be their motto when it comes to supporting small businesses and the entrepreneurial spirit. But don’t stop with the government when sourcing for free money for your new business venture. There are hundreds of non-profit and private foundation grants [...]

Finding a Private Investor For Your New Business Venture

Starting up in business is tough so if you want to make it a success you have to posses the right attitude and leadership qualities; you need to be a confident and motivated entrepreneur. To make a good entrepreneur there are certain qualities that you need to have such as the following: • Be a [...]

SBA Express and 7a Loan Program, a Solution for businesses looking for Start-up capital

These are one of the most common loans offered to small businesses. These programs are available through qualified lenders. Most banks and non-bank lenders offer these types of loans, but some are much better than others with SBA loans. Because these programs are offered through a non-bank lender or bank, if the institution does not [...]

International Trade Loan

The International Trade Loan is designed to increase presence in the export market or international trade, or increase local efficiency on markets effected by import competition. Check the business eligibility requirements for 7(a) loans for further information on acceptable types of businesses. Applicants should state that the loan would expand an export market, improve competitiveness [...]

Export Working Capital Program (EWCP)

The SBA objective for this loan is to provide short-term working capital for exporters. The SBA guarantees up to $1.5 million of financing, or 90% of the loan amount, whichever is less. This loan can be used for a single transaction or multiple ones on a revolving basis. EWCP Loan Requirements The EWCP follows the [...]

Certified Development Company CDC 504 Loan Program

The 504 Loan Program provides financing for long-term major fixed assets at a fixed rate. It is offered through a Certified Development Company (CDC). A CDC is a non-profit corporation that works with the SBA and private lenders to provide capital for small entrepreneurs.  The deals have the following structure: a private lender with a [...]

What is a Small Business Administration (SBA) Loan?

As a new entrepreneur looking for capital, one of your first options for a loan will be a SBA-backed loan. SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. (You [...]

How do I apply for a Small Business Administration Loan?

What is it? A SBA guaranteed Loan is a guarantee to the lender, so in case the borrower defaults, the lender is guaranteed a portion of the loan by the SBA. (You are still liable for the loan, so your obligation does not go away). The SBA does not make loans to businesses; the lenders [...]

Popular Small Business Administration (SBA) Loans

As a new entrepreneur looking for capital, one of your first options will be the SBA, or to be exact, asking for a SBA guaranteed loan. SBA loan applications are made through a bank. In broad terms, the SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed [...]

7 Steps To Get A Loan For Your Business

Loans are a time-tested way of raising capital for your business. We would love to tell you that it is as easy as going to the bank and asking for money, but as you probably know by now it is quite the opposite. We wrote the following steps to help you raise the right amount [...]