To begin with, did you know that the Small Business Administration (SBA) offers loans for entrepreneurs and businessmen who are looking to start or grow their business? Therefore, this loan may be just what you need to take your company to the next level. The SBA is a government agency which provides these funds, along with other resources like counseling services and management training programs. 

Additionally, the U.S. Small Business Administration has created a program to help fund entrepreneurs like you, but what’s the difference between an SBA and other loans? Well, for one thing, it is guaranteed by banks and certified lenders instead of the government giving out money themselves! The guarantee means that applicants are eligible up to 85% of their loan without any worries about whether or not they will get approved because if something goes wrong with your application then all responsibility falls on those who have agreed to provide funding in exchange for certain terms (like repayment rates).

 

The United States Small Business Administration was established back during World War II as part of Roosevelt’s New Deal initiative aimed at dealing with unemployment across America following decades-long economic boom times. 

Types Of SBA Loans And Which Ones Are Best For You

Finally, for entrepreneurs like you, there are a few types of SBA Loans. The main two are the 7(a) Loan Program and the  CDC/504 Loan Program. To help you out, we’ll explain what each of them does.

Loan Amounts
$250,000 – $5,000,000

Loan Terms
10 – 25 Years

Interest Rates
6.50% – 8.75%

Time
As Fast As 7 Days

It is never too late to Apply!