What Is The Small Business Administration (SBA)?
The Small Business Administration, or SBA, is an independent federal government agency that exists to support small businesses and entrepreneurs across the United States.
What Is an SBA Microloan?
SBA microloans, which are some of the easiest SBA loans to get approved for, range in size between $500 and $50,000.
What Is an SBA 504 Loan?
SBA 504 financing is restricted to land purchase, renovations, and long-term use equipment and machinery. SBA 504 financing is long-term, fully amortized without a balloon payment.
What is Working Capital?
Working capital is the amount of capital that is available for the day-to-day operations of a business. Working capital is typically used to pay for regular expenses, such as utility bills, employee payroll, rent, inventory, and marketing costs.
What Is the SBA Guaranty Fee?
Borrowers must pay a guaranty fee for their small business loan depending on the loan proceed amount.