Small Business Loans & Grants!

Quick & Easy Small Business Loans

The U.S. Small Business Administration (SBA) is Congressionally mandated to assist America’s small businesses in obtaining small business loans and other financing. SBA’s small business loan programs enhance the ability of lenders to provide long- and short-term business loans to small businesses that might not qualify through normal lending channels. Under the SBA’s loan-guaranty programs, the borrower applies to a lending institution, not the SBA. The lender applies to the SBA for a loan guaranty, if it determines this is necessary to approve the loan.

Click Here For More Info on U.S. Government Small Business Loans

SBAExpress & SBALowDoc
- Loan amount up to $150,000
- Response time - 3 days or less
- Long-term and short-term business loans available
- One-page application

Terms
Like most SBA small business loans, the maturity of an SBAExpress or SBALowDoc term loan is usually five to seven years for working capital and up to 25 years for real estate or equipment (subject to the useful economic life of the equipment). The termination date for revolving credits must be no later than five years after the first disbursement.

CommunityExpress
The CommunityExpress pilot program is designed to spur economic development and job creation in untapped rural and inner city communities by providing loans and technical assistance. Loan proceeds may be used for most business purposes, including start-up, expansion, equipment purchases, working capital, inventory or real-estate acquisitions.

To be eligible for CommunityExpress, current or prospective small businesses must be part of the SBA’s New Markets. Under this program, New Markets are defined as current and prospective small businesses owned by minorities, women and veterans who are underrepresented in the population of business owners compared to their representation in the overall population, and businesses located or locating in Low and Moderate Income urban and rural areas.

While CommunityExpress is similar to SBAExpress, there are some differences.

• CommunityExpress focuses on predesignated geographic areas that primarily serve New Markets.

• The maximum loan amount under CommunityExpress is $250,000.

• The SBA’s guaranty is 80% for loans up to $100,000 and 75% for loans between $100,000 and $250,000.

• CommunityExpress lenders, together with the National Community Reinvestment Coalition, provide hands-on technical training and support, both before and after loan closings, through community-based, nonprofit NCRC member organizations.

Click Here For More Info on U.S. Government Small Business Loans