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SBA Microloan Financing Through Intermediaries

Is San Diego Posed To Be The Next Silicon Valley? From The Startup Garage

The SBA micro-loan program makes funding available to intermediary, non-profit lenders who, in turn, make micro loans available to small business borrowers.  The maximum loan amount is $50,000, with a maximum term of 6 years at varying rates between 8 and 13 percent depending on intermediary costs.  Funds from a microloan can be used for […]

How the SBA Can Help in a Disaster

Business Disaster Help with SBA from The Startup Garage

In addition to helping startup businesses secure financing, there are loan programs available for small businesses owners whose businesses have been negatively impacted by a declared disaster. SBA Disaster Program loans are made available through the SBA for business owners as well as homeowners and renters who have been harmed in a declared disaster. For […]

The SBA CDC/504 Loan: Brick and Mortar Financing

Brick and Mortar Financing with SBA Loan from The Startup Garage

The CDC/504 loan program is a long-term financing tool for economic development within a community. The 504 Program provides small businesses requiring “brick and mortar” financing with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization. A Certified Development Company (CDC) is a private, nonprofit corporation set up to contribute to the […]

SBA Rural Business and Advantage Loans

Advantages of Rural SBA Loans from The Startup Garage

There are two loan programs from the SBA that provide funding or businesses located in rural or small communities and communities with economic challenges.   These programs are as follows: The Small Rural Lender Advantage Loan was developed to encourage economic growth in smaller communities, particularly those communities facing significant economic challenges.  The loan process […]

Fast SBA Loans through SBA Express

Express SBA Loans from The Startup Garage

The express loan programs were designed streamline the lending process for quick turn-around loans for particular groups of borrowers. The SBA also makes lower interest rates available to Express loan borrowers. Loan Types SBA Express Loans are designed for small business owners.  The estimated response time to the application process is within 36 hours. Patriot […]

Special Purpose Loans from the SBA

Special Purpose SBA Loans from The Startup Garage

Specialty purpose Loans are designed to assist those businesses that have been affected by NAFTA, have cyclical financing needs, are developing Employee Stock Ownership Plans (ESOPs), or are implementing pollution control measures. In addition, The SBA special purpose loans offer floor plan pricing loans against business inventory in the event the inventory can be used […]

SBA Loans for Exporters

SBA Loan from Exporters from The Startup Garage

The export loan programs were designed to assist small business exporters.  There are 3 specific types of loans available to help exporters, depending on their need and type of operation. The Export Express Loan Program gets its namesake from its streamlined process which allows lenders to use their own forms and its promise of a […]

Guarantees from an SBA (7a) Loan

SBA Loan Guarentee from The Startup Garage

The 7(a) Loan Program is SBA’s primary program to help start-up and existing small businesses obtain financing when they might not be eligible for business loans through normal lending channels. SBA itself does not make loans, but rather guarantees a portion of loans made and administered by commercial lending institutions. 7a loans are designed to […]

Getting Financing Help from an SBA Loan

Small Business Association Loan from The Startup Garage

The US Small Business Administration (SBA) is an important resource for small businesses. The SBA provides a number of financial assistance programs for small businesses that have been specifically designed to meet key financing needs, including debt financing, surety bonds, and equity financing. In this post we will talk about the different financial assistance programs […]

Securing Lines of Credit from Your Bank

Securing Lines of Credit from The Startup Garage

A common source of credit offered by banks and other financial institutions are called lines of credit (LOC).  LOCs are particularly useful for businesses that have funding needs in the short-term. There are three main advantages to using a line of credit as opposed to a bank loan or a traditional credit card. 1. Securing a […]