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business loans Ng under this program can be guaranteed for a variety of general business purposes. Loan proceeds can be used for most sound business purposes including working capital business loans, machinery and equipment business loans, furniture and fixtures business loans, land and building (including purchase business loans, renovation and new construction) business loans, leasehold improvements business loans, and debt refinancing (under special conditions). Loan maturity is up to 10 years for working capital and generally up to 25 years for fixed assets. CUSTOMER: Start-up and existing small businesses business loans, commercial lending institutions DELIVERED THROUGH: Commercial lending institutions www.sba.gov financing sbaloan 7a.htm SBA offers multiple variations business loans.
business loans of the basic 7(a) loan program to accommodate targeted needs. PROGRAM: Certified Development Company (CDC) business loans, a 504 Loan Program FUNCTION: Provides long-term business loans, fixed-rate financing to small businesses to acquire real estate or machinery or equipment for expansion or modernization. Typically a 504 project includes a loan secured from a private-sector lender with a senior lien business loans, a loan secured from a CDC (funded by a 100 percent SBA-guaranteed debenture) with a junior lien covering up to 40 percent of the total cost business loans, and a contribution of at least 10 percent equity from the borrower. CUSTOMER: Small businesses requiring “brick and mortar” financing DELIVERED THROUGH: Certified development companies (private business loans, nonprofit corporations set up to contribute to the economic development of their communities or regions) www.sba.gov financing sbaloan cdc504.htm PROGRAM: Microloan business loans, a 7(m) Loan Program FUNCTION: Provides short-term loans of up to $35 business loans, 000 to small businesses and not-for-profit child-care centers for working capital or the purchase of inventory business loans, supplies business loans, furniture business loans, fixtures business loans, machinery and or equipment. Proceeds cannot be used to pay existing debts or to purchase real estate. The SBA makes or guarantees a loan to an intermediary business loans, who in turn business loans, makes the microloan to the applicant. These organizations also pro.
business loans ROUGH: Certified development companies (private business loans, nonprofit corporations set up to contribute to the economic development of their communities or regions) www.sba.gov financing sbaloan cdc504.htm PROGRAM: Microloan business loans, a 7(m) Loan Program FUNCTION: Provides short-term loans of up to $35 business loans, 000 to small businesses and not-for-profit child-care centers for working capital or the purchase of inventory business loans, supplies business loans, furniture business loans, fixtures business loans, machinery and or equipment. Proceeds cannot be used to pay existing debts or to purchase real estate. The SBA makes or guarantees a loan to an intermediary business loans, who in turn business loans, makes the microloan to the applicant. These organizations also prov.
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