Small Business Administration

If you’re planning 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. Find a lender on CNF Exchange that provides SBA loans.

The U.S. Small Business Administration (SBA) is tasked with supporting the small business community throughout the country. Among its small business admin initiatives are loan programs, grants, assistance for exporting goods outside the U.S. and practical guidance for best practices and business administration. Small businesses can benefit significantly from these programs and informational initiatives. From implementing new technologies and scientific advances to promoting and growing a franchise from the ground up, the SBA delivers information that can jump-start small business success in the modern competitive marketplace. Loans and grants are among the most popular programs available from the SBA. These financial arrangements typically require a significant investment on the part of the business owner. In most cases, however, the SBA guarantees a portion of the loan to create incentives for private lenders to provide financing for a wide range of business needs. The most popular loan programs include the SBA 7(a) loan program, the 504 economic development loan program and the microloan initiative. SBA 7(a) loans are the most flexible and versatile financing arrangements and can provide funding for almost any business need. Microloans are used for similar business purposes, but these loans are short-term solutions to cash flow difficulties and are limited to loan amounts of $50,000 or less. For long-term asset financing, the 504 loan program offers SBA-guaranteed funding for large-scale purchases and renovations in economically challenged areas.

Business owners can apply for SBA loan programs through the innovative software platform at CNF Exchange. There is no charge for uploading the funding request. Additionally, CNF Exchange offers an extensive lineup of business loan application service for small businesses. These valuable added services can help companies make the best possible impression on potential lenders in order to obtain the small business funding they need to succeed in the modern business environment.