Learn more about the loan programs that may be available for your needs.
Equipment financing way can be a cost effective way of getting the equipment you need and expanding your current operations.
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. The Paycheck Protection Program will be available through June 30, 2020.
Through this program, borrowers can access low-interest loans of up to $2 million directly from the SBA to repair or replace real estate or other assets damaged or destroyed in a declared disaster area.
This program is for loans of less than $50,000. The average microloan is for about $14,000, says Dianna Seaborn, director of the Office of Financial Assistance for the SBA.
A pilot loan program, it is designed to meet the needs of small businesses in underserved markets with loans of up to $250,000. CA will either renew or expire on Sept. 30, 2022.
This is the most popular type of SBA loan, available in amounts of up to $5 million, for furniture, equipment, inventory, real estate and working capital.
Depending on your industry and loan requirements, you could qualify for up to $5.5 million to buy real estate and equipment.
Stay afloat through these trying times.
The site was easy to use. After registering I was able to decipher which loan to apply and then the wizard tool made the app easy.
I initially tried going to SBA direct and all I found was a lot of confusing forms. I am glad there is a free tool like this to help.
While I am still waiting on my results, I have a lot more confidence that I completed the application the right way.
Wow. That was easier than I thought.
I was really nervous about my business and was very confused by all the guidelines. This site helped make it approachable!
It definitely felt RIGHT. Now just waiting to hear back from the SBA, yet I have confidence!