Sba 7(a) Loans Explained | Intuit Small Business Blog

A 7(a) loan doesnt come directly from the SBA. Instead, an authorized SBA lender makes the loan and the SBA guarantees a portion of it, mitigating much of the risk for the lender. With the SBA guaranteeing a large portion of the loan, the lender can lower its lending standards, allowing small-business owners with less established credit histories or less cash flow to qualify. Along with a traditional SBA 7(a) loan, there is an SBAExpress program that allows for fast loan approval and CAPLines to provide short-term working capital. How Do I Know if I Am Eligible? Since these loans originate from private financial institutions, the SBA doesnt determine lendee eligibility, but, according to the agency, you must meet these guidelines: 1) Operate as a for-profit entity. 2) Meet the SBAs definition of a small business .
For the original version including any supplementary images or video, visit http://blog.intuit.com/money/sba-7a-loans-explained/

usgovernmentsbaloans.com

This can amount to thousands of dollars. SBA Expeditors will guide you through the process for fraction of the cost. No Credit/Bad Credit/Good Credit — It Does Not MATTER!
For the original version including any supplementary images or video, visit http://bit.ly/1mpyZ6P

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