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Applications have been provided by SBA to all lenders that actively participate with us. Applications can be obtained from the lender you will be working with, or at your local SBA Office
SBA has several different loan programs. Each of the programs is designed to cover a variety of business, needs, thus providing the most options to small businesses.
A farm which:
produces agricultural commodities for sale in sufficient quantities so that it is recognized in the community as a farm rather than a rural residence
A program under FSA's guaranteed farm operating loan program which enables lenders to provide credit to operators of family farms who do not have the financial resources to meet the standard repayment terms.
A loan applicant who is a member of a group whose members have been subjected to racial, ethnic or gender prejudice because of their identity as a member of a group, without regard to their individual qualities.
Typically, a 504 project includes a loan secured with a senior lien from a private-sector lender covering up to 50 percent of the project cost, a loan secured with a junior lien from the Certified Development Company (CDC) (backed by a 100 percent SBA-guaranteed debenture) covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the small business being helped.
Business concerns, organizations, or individuals that control each other or that are controlled by a third party.
The United States Community Adjustment and Investment Program was created to help communities that suffered job losses due to changing trade patterns with Mexico and Canada following the North American Free Trade Agreement (NAFTA).
The total amount it will cost you to go to school - usually expressed as a yearly figure.
Default is a failure to repay a loan according to the terms you agreed to when you signed a promissory note.
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