Program Overview The Community Development Block Grant (CDBG) is a federal grant program utilizing funds received from the U.S. Department of Housing and Urban Development (HUD). The CDBG Revolving Loan Fund (RLF) has a few specific purposes for the funds, but our interest is for funding small businesses. Now don’t get your hopes up when
Read MoreCommunity Development Financial Institutions (CDFIs) strengthen economically distressed communities that are under served by traditional financial institutions to provide the funds to offer low or no-interest loans for housing, micro-businesses, human development, community development, and basic consumer needs. For business owners, a CDFI revolving loan fund helps by offering commercial loans and investments to small
Read MoreThe Small Business Administration’s Small/Rural Lender Advantage (S/RLA) SBA rural business loan program is part of the agency’s traditional 7(a) loan guarantee program that was designed to accommodate the challenges of small community lenders. During the financial crisis, traditional SBA lending dramatically dropped off which resulted in forcing the SBA to find new ways to remain relevant
Read MoreProgram Overview The Small Business Administration’s SBA 7a Business Loan Program is SBA’s primary and most popular loan program for helping start-up and existing small businesses. The SBA definition of a small business is a little misleading to some as the actual size limits are quite large in my book but it does vary some by industry
Read MoreProgram Overview The SBA 504 loan is a unique program designed to assist small business owners obtain long-term financing for capital assets like the purchase of real estate and expensive equipment, while promoting business growth, and job creation. SBA 504 loans are made through both a participating lender and a Certified Development Company (CDC). A CDC is
Read MoreHave a Question About Getting a Business Loan?
CLICK HERE TO ASK