SBA Expeditors will: Match you with the proper Intermediary (Lender) For Your Business Give you the correct Application and Paperwork Create your comprehensive business plan to submit with your application. Advise you with Step By Step Instructions of How To Apply for and Get Approved For your Small Business Loan SBA Expeditors is helping hundreds of people by saving them the headaches of trying to navigate the SBA loan alone. They offer a proven track record of helping individuals obtain their small business loan from the federal government. This little-known fund is distributed through special non-profit intermediaries who are funded by the United States Government. Most people aren’t even aware that this special fund exists nor how to tap into this hidden gem available to almost all small business owners and legal U.S. residents looking to start a new business. Clients are getting loans of up to $50,000 in 30 days.
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State Commerce Department announces new program to help small business borrowers with SBA loan collateral | Business | The News Tribune
The new revolving loan fund will help increase access to credit through the Washington Small Business Credit Initiative, the department said in a release, noting that small businesses are a key engine of growth in our state economy, accounting for more than 40 percent of all private-sector jobs and over $200 billion in gross revenue last year. Important though they may be, some businesses often struggle getting conventional loans to help them expand, the department said. Using funds from the U.S. Treasury Departments State Small Business Credit Initiative (SSBCI), Washingtons new Collateral Support Program will support efforts by local banks to lend funds to small businesses Finding ways to increase the flow of capital to credit-worthy enterprises is crucial to growing our state economy, said Gov. Jay Inslee in the release We are excited to roll out the Collateral Support Program because it offers another financing resource to help the small businesses in our state that are so critical to our economic vitality and job growth, said Brian Bonlender, Commerce director. This program is a self-sustaining solution, and will build upon the success of the existing State Small Business Credit Initiative finance programs to incentivize private lending which to date has been in excess of $54 million. The new Collateral Support Program will allow businesses to continue working with their current lender to access funding available through the SBA 504 loan program. SSBCI provides financing by providing cash collateral for small businesses that lack the necessary collateral to qualify for bridge loan. The new program will mitigate a lenders risk during the interim period before an SBA-guaranteed loan is in place, the department said. Most small businesses can qualify for Collateral Support Program, and most SBA 504 loan purposes qualify. Examples of qualifying business loans include: heavy equipment, acquisition of a place of business and construction or renovation of a place of business.
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