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Details:

  • Category:Financial & Legal Services
  • Location:85 Garfield Ave, Cranston, Rhode Island
  • Posted:12/19/16

Description:

For U.S. economy the small businesses have been an vital part as they continuously add innovative products and create new jobs. SBA exist in US since 1953 and is an independent agency of federal government. It was created to counsel, aid an protect the concerns of small business owners. It helps and encourages the US residents to start a new business. SBA helps businesses by offering them proper resources, services and the tools for their business.

In the same line SBA offers a number of loan programs to Americans like 7A Loan Program, micro loan program and many others so that businesses can acquire their needed assts, meet the demand or preserve the working capital for their business. When businesses seek the outside financial help for growth resons and traditional commercial loans do not prove beneficial, then SBA business loans can help them.

In 7a loan program of SBA, it can be the good one for any start up or small businesses (in search of large financial help). They can get the loan ranging between $350,000 - $5 million. Of course need not to say that for this loan applicant will need a proper SBA business plan and the purpose for which the business need the loan.

If you want to get this loan then your business must be a profitable one, earning over a million dollar revenue every year. The location of the business must be US. To anticipate the lengthy waiting time, when you apply for SBA loan you can take the advice of any traditional lender or a consultant, who can assist you with SBA Business Plan and the loan application and processing procedure. You can locate your local lender through web and take his advice, when will apply for any SBA loan.