SBA Loan Essentials

The SBA 504 program provides small business owners with loans to expand or buy their own commercial real estate. The loan terms typically include: 90 percent financing, 25-year amortizations, fixed interest rates, and no balloon [...]

Each loan program has its own paperwork, but by assembling the documentation and information that will be typically required for most of them, you can make the process more streamlined. Personal background. This can include [...]

Appropriate Uses of Funds Borrowers can use 7(a) loans for: Long- or short-term capital needs. Revolving funds for inventory and receivables. Purchases of equipment, machinery or furnishings. Real estate purchases, both undeveloped and developed. Building [...]

Types of Loans The U.S. Small Business Administration (SBA) has a variety of loan programs on offer for small businesses. There are four main types of loans available, each with different qualifications: 7(a) general small [...]

Misconceptions abound about the loan programs offered by the U.S. Small Business Administration (SBA), potentially discouraging many small business owners who could benefit from these programs from even considering them. Knowing the truth about these [...]