Money For Your Business - Up To $750,000 Guaranteed!

 

 

Roughly 98 percent of the companies in the United States qualify

as small businesses - and most of these businesses are eligible

for U.S. Small Business Administration loans up to $750,000,

available to build their operations.

 

To these businesses, the SBA guarantees of 90 percent on lenders

loans up to $155,000 and guarantees of 85 percent on larger

loans. The SBA even makes direct loans to eligible individuals

and companies.

 

As with any business loan, the SBA and its associated lenders

look at the applicant's personal credit history, the business

financial profile and management experience, and the growth

trends in the applicant's industry.

 

Among SBA objectives are greater support for women and minorities

in business, aid to rural small business development, and urban

business and job creation programs.

 

The 7 (a) loan guarantee program is the SBA's standard program.

It aids small businesses needing funds to buy fixed assets or for

working capital.

 

In the 8 (a) program, the SBA acts as prime contractor,

contracting with other federal agencies to negotiate subcontracts

with small businesses owned by socially or economically

disadvantaged individuals.

 

In 1987, 370,000 companies in the U.S. were owned by Asians,

American Indians and other minorities. The SBA made over 1600

loans totaling over $400 million to these companies.

 

There were more than 420,000 Black-owned business in the U.S. in

1987, up almost 40 % from 1982. The SBA made more than 500 loans

and over 1600 8 (a) contracts totaling over $1.4 billion

Black-owned companies in 1990.

 

Over 420,000 businesses were Hispanic-owned in 1987, up more than

80% since 1982. A number of these firms took part in SBA

programs.

 

Disabled and Vietnam-era veterans who cannot secure business

financing on reasonable terms from other sources can go to the

SBA. Veterans can use these loans to start a small business, or

to build an existing business.

 

Small companies in the field of energy conservation can find

financial support in the SBA's Small Business Solar Energy and

Conservation Loan Program. Loans are available to a broad range

of companies seeking ways to cut use of U.S. energy resources.

 

The SBA's Small Loan program encourages SBA-guaranteed loans of

$50,000 or less. Applicants should ask for the SBA Form 4 short

form to apply for the small loans.

 

The recent microloan program offering loans of $200 to $15,000

makes SBA funding available to even tiny businesses.

 

The SBA HAL-1 and HAL-2 programs help handicapped individuals and

non=profit workshops to establish, purchase or run a small

businesses

 

The SBA's Certified Development Company (CDC) loan program offers

credit for small and medium sized businesses that fall between

the cracks of programs covered by traditional lenders. And the

Export Revolving Line of Credit program helps small exporters to

obtain an SBA guarantee on a loan or line of credit.

 

The SBA operates an information desk from 9 a.m. to 5 p.m. EST.

Monday through Friday. Call 1-800-827-5722 (1-800-U-ASK SBA)