What is an SBA Loan?
A collection of long term, low interest loans for the purchase of fixed assets such as real estate, equipment or machinery, expansion capital, funding the purchase of another business, disaster recovery or even, in some cases, refinancing other debts. SBA Loans are partially guaranteed by the government and therefore more attractive to lenders.
Examples of how you could use an SBA Loan… Kitchen equipment for a restaurant, Computers and printers for an office, Building a new office space for an expanding company.
What you’ll need: Minimum Credit Score: 660, Minimum Years of Operation: 2, Minimum Revenue: $100,000 annually