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Demystifying SBA Lending


QuestionsMention SBA (Small Business Administration) loans to small business owners and here’s what typically jumps out of their mouths: “Too much red tape.” “Takes too long.” “The financing of last resort.”

These and other myths have persisted for years despite the reality that SBA loans are a viable, accessible option alongside conventional financing that entrepreneurs can leverage to grow their businesses.  In today’s “credit crunch” environment, the loans’ value for banks and small businesses is amplified.

First, some quick definitions.  The SBA has two mainstay programs – 504 and 7a.  Odd names, but that’s another story.  The 504 loan is used to purchase commercial real estate and/or large equipment.  The 7(a) loan can be used for general business purposes, including working capital, machinery and equipment, furniture and fixtures, land and building (new construction), leasehold improvements and debt refinancing.

The Benefits of SBA Loans

If you have any additional questions about SBA Loans, commercial real estate financing or other small business loans please ask us! We have loan experts near you. Find one here

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