When most people think of business loans, the Small Business Administration (SBA) is inevitably brought up. To clear up a common myth or misconception is that the SBA does not directly provide financing with the exception for their Disaster Loan. What the SBA does provide is provide a guarantee to the bank that if
Read MoreWhether starting or expanding a small business, entrepreneurs are likely going to need access to capital. While some can finance their business with personal funds or credit cards, oftentimes they need outside funds. There are a number of sources to get small business financing and conventional loans from banks are the most common source. Not
Read MoreProgram Overview The SBA International Trade Loan (ITL) from the Small Business Administration offers loans up to $5 million for fixed assets and working capital for businesses that plan to start or continue exporting. The ITL offers a combination of fixed asset, working capital financing and debt refinancing with the SBA’s maximum guaranty of 90
Read MoreThe United States Department of Agriculture – Intermediary Relending Program (USDA IRP) was created to alleviate poverty and increase economic activity and employment in rural communities by supplying capital to establish a revolving loan program for small businesses. These funds are loaned to intermediaries such as local economic development agencies, local government or community not-for-profits for
Read MoreEDA Revolving Loan Program Program Overview The purpose of the Economic Development Administration’s (EDA) Revolving Loan Fund (RLF) is to create jobs and to stimulate small business growth by assisting businesses whose projects will improve the local economy by creating or retaining jobs, increasing the tax base or promoting the general health, education, and welfare.
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