Small Business Administration (SBA) Loans for Small Businesses
Discover SBA loan options to help your small business thrive and grow. Learn how to navigate the application process and secure the financial support you need to succeed in today's competitive market. Stay ahead of the curve with Sprinkle of Funds.
7/8/2024
The U.S. Small Business Administration (SBA) helps small businesses get funding by setting guidelines for loans and reducing lender risks. The SBA-backed loans make it easier for small businesses to get the funding they need. You can get $500 to $5.5 million to fund your business. Loans guaranteed by SBA can be used for most business purposes including operating capital and long-term fixed assets. There are eligibility requirements that you must meet but even those with bad credit may qualify for startup funding. Loans for borrowers include:
7(a) loans: SBA's primary for providing long term financing for a variety of purposes. 7(a) loans are delivered by SBA 7(a) lenders.
504 loans: Long-term, fixed rate financing available through mission-oriented, community-based SBA Certified Development Companies.
Microloans: Loans of $50,000.00 or less to help businesses and certain non-profit childcare centers. Microloans are provided by intermediary lenders.
Benefits of SBA-guaranteed loans
Competitive terms: SBA-guaranteed loans generally rates and fees that are comparable to non-guaranteed loans.
Counseling and education: Some loans come with continued support to help you start and run your business.
Unique benefits: Lower down payments, flexible overhead requirements, and no collateral needed for some loans.
Small business funding
Sprinkle of Funds
We specialize in helping small business owners access alternative funding sources, including grants.
Our goal is to make it easier for businesses to find the financial support they need to thrive.
Helping small businesses learn about various funding options.
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