SBA Basic Loan Information
Posted on | October 7, 2009 | 2 Comments
The U.S. Small Business Administration (SBA) is an independent agency of the federal government. Its purpose is to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. There are numerous loan programs offered through the SBA that businesses can access through SBA preferred and certified lenders.
Prior to seeking a SBA loan, review the SBA eligibility requirements to make sure you qualify. Every application needs positive credit merits to be approved. These are the same credit factors a lender will review and analyze before deciding whether to internally approve your loan application, seek a guaranty from SBA to support their loan to you, or decline your application all together.
There is a very informative online training on SBA lending programs. It would be very helpful to individuals considering SBA loans. Finance Primer: Guide to SBA’s Loan Guaranty Programs.
SBA also has a free online course on How to prepare a Loan Package.
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May 30th, 2010 @ 2:03 pm
[...] S.B.A. basic loan information Have you ever thought about an SBA loan? Learn the basics here. [...]
June 14th, 2010 @ 9:41 am
[...] S.B.A. basic loan information Have you ever thought about an SBA loan? Learn the basics here. [...]