SBA Guarantee Loan Programs

Account Description

Secured Adjustable Rate Commercial Loan Programs, used for purchases or to provide working capital for a new or existing business.
The loan is guaranteed by the United States Small Business Administration under either the Low Doc or 7(a) Loan Program.
Loan proceeds may not be used to reimburse owner(s) for equity that owners invested into the firm.
All business debt owed to the owner(s) must be placed on standby until the SBA Loan is paid in full.
Loan Limits vary based on programs. Maximums Range from $100,000.00 to $1,000,000.00.
No prepayment penalty.
Must have minimum of 20% equity in the business.

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