SBA Financing

In a strong effort to assist the current economy, the federal government has very recently broadened the guidelines for SBA financing for business owners throughout the country.  The goal of course is to stabilize small businesses and to create new jobs as part of the economic recovery act.  Because of these recent expansions, we are able to view your financing needs through the eyes of conventional, commercial, SBA, or private sources.

SBA provides a number of financial assistance programs for small businesses.  They have been specifically designed to meet a business's key financing needs.  We will assist you in researching all your options within the SBA umbrella of programs available.

The federal government's new stimulus packages have recently released a much broader and more comprehensive scope of assistance to business owners.

SBA's Mission

SBA's mission is to stimulate and foster economic development through small business because helping small businesses get started and become successful is good for the nation's economy.  Briefly, the SBA loan guarantee program works in the following manner: 

The SBA will guarantee a portion of a business loan made by an SBA bank or lender enrolled in the program. By issuing a partial Federal Guarantee to the lender, your loan, which might not be approved on conventional terms, can now be approved via an SBA guaranteed loan. Obtaining capital is the single most difficult hurdle a small business experiences. 

Giving small business owners access to working capital is the main goal for the SBA.  Many small business owners find cash flow to be a major concern.  For them an SBA guaranteed loan may be the only answer and possibly the best way of obtaining long term financing.  Long term loans can be made for almost any business purpose to qualified applicants.  SBA guaranteed loan terms typically range from 7 to 25 years depending on the purpose and type of  loan.  In addition, these loans are fully amortized.