Small Business Loans
As a small business owner, you’ve probably heard that credit is tight and getting tighter. If you’re looking to finance a big project or take your company to the next level, it can be hard to find the financing you need. That’s why we recommend contacting your neighborhood Small Business Administration (SBA) office today.
The SBA programs are specifically designed to help entrepreneurs just like you fund any type of business-related needs. There are plenty of affordable loans and other resources for small businesses with bad credit, low initial capital, insufficient collateral, or limited cash flow. All SBA loans have competitive rates and flexible terms tailored for your business success.
If you’ve been turned down in the past or don’t know where to start, apply online or contact your local SBA office to get started today. There are two types of loans you can consider:
7(a) Loans – Any business can submit an application for a SBA 7(a) loan through an approved lender. The SBA guarantees up to 85 percent on most loans with terms between 1 and 10 years.
Working Capital Guarantee Program (WCG) – If your business has been around for at least 12 months and you have at least $25,000 in annual sales, you might be eligible for a WGC loan with up to $35,000 of financing. The SBA guarantees as much as 90 percent on the WGC loans with terms between 1 and 5 years.
Small Business Administration (SBA) Programs for Small Businesses With Bad Credit
Bad credit doesn’t mean you have bad business. You can still get the SBA financing you need by working with a lender who understands small businesses and your unique needs. These lenders are approved by the SBA, so they are ready to work with you to find a loan that fits your budget.
3(b) Loans – The SBA guarantees up to 60 percent of the value of these loans, so even businesses with little money might be able to qualify for a loan. These loans are also available with terms between 1 and 7 years.
7(h) Loans – The SBA guarantees up to 85 percent of these loans, and they come with a flexible-term option that you can choose from after your first payment is made. There are three different options: 3, 7 or 10 years without prepayment penalty.
Why Trust Your Business to SBA Lenders?
The SBA has developed a holistic approach to help small businesses grow and succeed in America’s economy. Our business-friendly lending programs are designed for the common goal of providing financing for small businesses that have unique needs. Small business loans for bad credit and other specialized lending are available from hundreds of lenders around the United States.
The SBA works with thousands of lenders all over the country, including state and local lenders, non-profit organizations, banks, credit unions and community development financial institutions. Whether you are looking for alternative financing or traditional loans, you can rest easy knowing that the SBA is working to help your business succeed.
The SBA: A Trusted Partner in Financing Small Businesses
We want to explain why you should trust the SBA with your small business financing needs. As a small business owner, you need a reliable partner that understands how to help small businesses achieve their goals.
The SBA puts small businesses first. – The SBA has been helping Americans start and grow small businesses since 1934. That’s why you can trust us to help your business succeed. We want you to succeed, and we know how important it is for you to get the financing that will help you achieve your goals.
– The SBA has been helping Americans start and grow small businesses since 1934. That’s why you can trust us to help your business succeed. We want you to succeed, and we know how important it is for you to get the financing that will help you achieve your goals. The SBA provides support, guidance and access to financing. – Whether you need a loan or have been turned down by other lenders in the past, you can turn to the SBA for help. We all know that in today’s economy it can be difficult to find financing, and the SBA offers loans for businesses just like yours when no other lender will.
– Whether you need a loan or have been turned down by other lenders in the past, you can turn to the SBA for help. We all know that in today’s economy it can be difficult to find financing, and the SBA offers loans for businesses just like yours when no other lender will. The SBA works with entrepreneurs nationwide. – Whether you’re in a big city or small town, the SBA has a loan program designed for your business. If you have questions about 7(a), 7(h) and 3(b) loans, call 866-227-5722 today to speak with a specialist. The SBA will work with you to find a loan that fits your needs and budget.
Why Choose an SBA Lender?
The SBA offers competitive rates and flexible terms for financing your small business. You can choose from over 300 approved lenders so you can be sure to find a financial partner that will work with you.
When it comes to financing, the SBA is the way to go. We’re the only government agency focused exclusively on helping small businesses. In addition, we are dedicated to helping you get the financing you need. We offer loans for bad credit and other specialized products and services, and we will work with you to find a loan that fits your budget and goals.
The SBA: A Trusted Partner in Financing Your Business
You should trust your small business to the SBA because it supports small businesses just like yours with programs designed for their unique needs. We’ll work with you to find a loan that fits your budget and goals and is designed to help you grow your business.
Small Businesses for Bad Credit: The Best Way to Start Your Own Business
Small businesses don’t have the same access to resources as larger corporations. That’s why starting a small business can be challenging. When it comes to financing, the SBA can help you get the funding you need by offering loans for both start-ups and established businesses.
Conclusion
When it comes to financing your small business, you need someone who can help you explore all of your financing options. Whether you are looking for a loan or looking for alternative financing, the SBA has years of experience helping thousands of small businesses across the country succeed in their local communities.
Contact us today to find out if you have access to an SBA loan or other type of financing. We’ll work with you and explain how we can help your small business grow by offering loans and other customized solutions that fit your unique needs. The SBA is ready to support your business from start-up to success.
Tags:
Small Business Loans