SBA loan guarantees are offered by participating lenders to help businesses qualify for traditional financing get the credit they need. But what more do you need to know?
Some say that your lender will tell you everything you need to know.
However, we want you to know things before you approach a lender about an SBA loan program, like:
When will a lender offer an SBA loan?
Does it cost?
What types of businesses are eligible?
Are there any limitations on how the funds can be spent, etc.
Does an SBA loan make sense for YOUR business?
We’ll discuss how these programs work, then eligibility, types of business that are NOT eligible, and how an SBA-backed loan can be used. We’ll also talk about the different types and the different types of lenders. Lastly, we’ll cover what happens if you default.