The U.S. Small Business Administration (SBA) offers various loan programs designed for business owners who may have trouble qualifying for a traditional bank loan. SBA loans are made through banks that participate in SBA financing, and not all lenders offer SBA loans. Qualified borrowers can use an SBA loan for a variety of purposes, including:
- Start-up business expenses
- Business acquisitions
- Business expansion or renovation, including real estate purchase
- Buying land
- Permanent working capital
- Fixed asset purchases, including equipment
- Acquiring inventory
- Refinancing of existing debt
Contact our Commercial Lenders today for more information.
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