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Find the Right Loan for Your Small Business
12/21/2019
By William Manger, The good news is you’re not alone. Get your business up and running with help from experts and SBA-guaranteed loans. We know banks often perceive risk in lending to small businesses, so we help reduce that risk for the lender and make it easier for you to access capital. What are the benefits of SBA-guaranteed loans?Our guaranteed loans generally have rates and fees that are comparable to non-guaranteed loans – so you’re not missing out on competitive terms. We also walk you through every step of the process as some loans come with continued support to help you start and run your business, so you don’t have to go at it alone. With SBA-guaranteed loans, you also benefit from lower down payments, flexible overhead requirements, and no collateral needed for some loan options. How can I get my business lender-ready?Before applying for a loan and meeting with a lender, make sure you have:
How can I secure an SBA-guaranteed loan?To get matched to an SBA-approved lender and find the best loans to start and grow your small business, use the SBA’s Lender Match tool. This free online referral tool connects small businesses with more than 800 SBA-approved lenders across the country that participate in the online referral program. The process is simple: Answer a few questions about your business, and you’ll receive an email in two days with potential lenders who are interested in working with you. From there, you’ll be able to compare rates and terms, and complete applications.
For additional help navigating the lending process, we encourage you to connect with your local district office or SBA resource partner — SCORE, Small Business Development Center, Women's Business Center or Veterans Business Outreach Center — or visit www.sba.gov/lendermatch today. Back To News |
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