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    4 Replies Latest reply on Oct 15, 2008 6:44 PM by NoBullFunding

    Great Time To Borrow From The SBA

    NoBullFunding Scout
      For those who have never dealt with the SBA, they loan to good companies who have some deficiency that traditional banks won't touch. For example, if your cash flow is tight based on a 20 year mortgage, an SBA loan can go out 25 years. If you don't have 20% in cash to put down, many SBA loans require less down. In light of recent credit market events, small business owners should consider going this route.

      How it works: In order to promote small business growth, the SBA offers a guarantee up to 75% on certain loans. In exchange for this, they do charge a fee (usually 3% of the amount they guarantee) which you will have to pay for.