Various Loans Provided By The Small And Medium Business Administration


SBA (Small Business Management) provides financial support to help SMEs and entrepreneurs contribute to growth and development in the best possible way. If you do not receive a loan provided by your bank, we recommend that you purchase a loan designed by the SBA. However, the organization does not directly fund small businesses and instead repays these funds to private lenders in time, even if they do not repay them at the scheduled time. It is important to keep in mind the guarantee. This article focuses on the different types of 소액대출 available to small businesses.

SBA 7 (A)

It is very important to remember that SBA 7 (A) was developed by this organization to meet a variety of purposes, including the purchase of furniture, fixtures, equipment, machinery and other essential appliances. If you want to refinance your debt, or if you want a lot of money as working capital, we recommend that you take advantage of these funds. For fixed assets, the maturity is fixed at a maximum of 10 years and is provided to the borrower through a private lender.

Small credit

If you want to make money right away, we recommend that you use such funds as soon as possible. Inventory is used to buy machinery, furniture, consumables, and other essential items, but it cannot be used to buy all types of real estate or to repay existing debt. These funds are actually operated as a non-profit organization, provide technical support to stakeholders wherever possible, and can be used by intermediary lenders involved in the financing business. Loans vary in amount from $ 35,000 to $ 50,000. However, it is not currently used to repay debt or buy real estate.

SBA 504

This type of money is used to buy a home and can be used to cover streets, parking lots, etc. Used to improve. It is also used for construction / modification of existing facilities and purchase of equipment / machinery. However, it cannot be used for working capital, debt repayment, borrowing, etc. An effective structure where the SBA provides 40% of the total cost of the project and individual lenders pay up to 50%. The borrower must bear the remaining 10% of the total cost of the project.

Disaster loan

The organization also offers disaster loans for borrowers who have been severely damaged by the disaster. It is typically used to replace or repair real estate, equipment, machinery, assets, etc.