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SBA Loans
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US Small Business Administration (SBA) provides long-term business financing and access to loans. The SBA generally does not make direct loans to businesses, but instead acts as a guarantor for loans made by banks and other private lenders. A SBA guaranteed loan is possibly the best way for small businesses to obtain long-term financing.

  • SBA loans can be used for most business purposes, including renovation, construction, purchasing inventory and fixtures, and working capital.
  • Maturities for the loans range from 7 to 25 years, depending on the purpose.
  • There are fees and interest rates associated with SBA loans.
  • Benefits include longer terms and larger loan amounts than you might be able to obtain through a conventional loan.
  • SBA loans offer competitive interest rates.
  • Loans do not require balloon payments or annual reviews.

Most financial institutions are familiar with SBA loan programs. Contact your local lending institutions or financing resources for assistance in the SBA loan process.

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