interest rate options: Disaster Assistance Loans - 12/02/07 10:04 PM
Small businesses that have suffered substantial economic injury from a physical disaster may be eligible. SBA provides economic injury loans and physical disaster loans to businesses of up to $1.5 million. SBA also provides disaster assistance to individuals.
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interest rate options: CDC 504 Loans - 12/02/07 10:03 PM
Made through a certified development company, a 504 loan provides long-term, fixed-rate financing for real estate, machinery or equipment. Typically, the loan involves a private-sector lender with a senior lien, a certified development company and at least 10 percent equity from the borrower. A list of CDCs is on the SBA
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interest rate options: 7(a) Loans - 12/02/07 10:03 PM
The primary SBA loan program helps small businesses that might not be eligible for loans through normal lending channels. Money can be used for a variety of business purposes. The loans are made through commercial lenders and partially backed by an SBA guarantee. In fiscal 2006, SBA backed 90,483 of these
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interest rate options: Where To Get Help Before Applying for an SBA Loan - 12/02/07 10:02 PM
Adapted from the U.S. Small Business Administration Web site. The Small Business Administration has offices in almost every major city in the United States. The SBA Office of Business Initiatives operates a toll-free Answer Desk at (800) 8-ASK-SBA, which can provide direct referrals to appropriate sources of information. The SBA also
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interest rate options: Where To Get Help Before Applying for an SBA Loan - 12/02/07 10:01 PM
The Small Business Administration has offices in almost every major city in the United States. The SBA Office of Business Initiatives operates a toll-free Answer Desk at (800) 8-ASK-SBA, which can provide direct referrals to appropriate sources of information. The SBA also sponsors a variety of counseling, training, and information services:
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interest rate options: When to Apply for an SBA Loan - 12/02/07 10:00 PM
Before you can become eligible for an SBA loan, you have to apply — and be turned down — for a conventional loan from a commercial lender. At that point, you may be eligible under SBA's Loan Guarantee Plan or Immediate Participation Plan. If you do qualify for one of these
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interest rate options: SBA-Sponsored Funding Opportunities - 12/02/07 09:59 PM
Consider SBA-Sponsored Funding Opportunities Congress created the Small Business Administration (SBA) in 1953 to assist entrepreneurs in creating successful small enterprises. There are SBA offices in each of the 50 states, as well as in the District of Columbia, the Virgin Islands, and Puerto Rico. Its primary goals are financing, training, The
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interest rate options: Who Can Apply for an SBA Loan? - 12/02/07 09:58 PM
Eligibility generally depends on four factors: 1) the type of business, 2) the size of the business, 3) the use of loan funds, and 4) special circumstances. Type of Business The requirements in this category are quite broad. The business must be a for-profit enterprise. It must engage in or must
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interest rate options: For different small businesses, some types of funding are more suitable than others; - 12/02/07 09:57 PM
For different small businesses, some types of funding are more suitable than others; start-up businesses sometimes seek investors, look for grants, and others apply for loans. The SBA was created to help small businesses become successful through financial assistance and loans, and through expert advice and workshops to help develop small
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interest rate options: Small businesses are important for the country's economy. - 12/02/07 09:56 PM
Small businesses are important for the country's economy, and SBA loans can help small businesses become successful. - A small business start-up seeking finance capital can either find private or angel investors, or look into loans, such as those provided by the US Small Business Administration. - The SBA has been
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