Since the signing of the Small Business Act in 1953, the SBA (Small Business Administration) has played in integral role in helping businesses to get the capital that they need. The SBA is a government led program. However, the government itself does not lend business owners money. Instead, the government, through the SBA, guarantees the loans that banks, credit unions, and other approved lenders give to small business owners.
When an entrepreneur takes out a loan through the SBA, the application process is not necessarily any easier than the one that the entrepreneur would face if he or she were taking out a conventional business loan that was not guaranteed through the SBA. With an SBA loan application, the applicant will still have to submit detailed business plans, and they will still have to have a relatively good credit score. However, when an entrepreneur gets the capital that they need through an SBA loan, they can look forward to receiving perks like lower interest rates or longer terms. Factors like these help small businesses to succeed because they make it easier to borrow money.
The SBA has offices in every state, and they even have special arms that focus on lending money to businesses led by women. The SBA also focuses on helping small businesses to get prime government contracts. These are only a few of the ways that the SBA promotes the growth and development of small businesses.
If you are looking for capital to start your business or if you are looking for capital to help it grow, an SBA loan may be the tool that you need. At UnsecuredBizLoan, we help our clients to navigate the sometimes confusing process of applying for an SBA loan. With our easy online process, entrepreneurs can apply for these loans easily and efficiently. In addition, we also match our applicants to the best SBA loan provider for their needs. If you are ready for a little help, now is the time to apply for a small business loan through the SBA at UnsecuredBizLoan.com.
To apply for funding for your small business, use the form on the right to begin the application process.