SBA Loan Programs

To start a business or expand an existing business, you might need financing help. SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan. Check them out here: http://www.sba.gov/sba-direct/33760/article/2951/

For many small business owners, the assistance provided by the U.S. Small Business Administration (SBA) is a valuable ally in acquiring the funding needed to manage one-time and ongoing business expenses in the competitive marketplace. The agency provides a number of financial options for small businesses that include grants, loans and debt financing arrangements. SBA loan programs include the popular SBA 7(a) financing arrangement and the 504 commercial lending programs for community development; microloans are also available for small business start-ups and temporary, short-term business needs. The 7(a) loan program for SBA is the most versatile choice, as it allows funding for almost any business purpose and provides flexible payment plans designed to suit the needs of small business start-ups and existing business organizations. For the purchase of fixed assets over a longer period of time, the 504 economic development loan programs for SBA are based on a mix of owner investment, Certified Development Company guaranteed financing and private lending funds. Finding the right loan program for SBA financing can often allow businesses to acquire financing at more advantageous rates and with a greater chance of success. The SBA guarantees payment for a portion of these SBA loan programs, increasing their appeal for private sector lenders and providing added incentives for small business growth.

CNF Exchange is also a valuable resource for small business owners. The CNF Investor Exchange interface allows potential borrowers to upload their completed funding request directly into the system, allowing lenders to evaluate and make a decision regarding their applications more quickly. This quick response time can help business owners seeking assistance from SBA loan programs to identify the most advantageous offers more rapidly. This can allow a greater degree of financial security and flexibility for small business owners in the highly competitive modern commercial marketplace.