SBA Small Business Loan – you don’t need a consultant

Looking for a SBA Small Business Loan?

Since we’ve been in business we have received calls about helping companies obtain a SBA Small Business Loan.  Our answer is always the same, go to a bank.

You don’t need a consultant.  There is no magic person who can get you that loan.  The only person you may need is your company accountant to assist in filling out the financials.

A short How To

The Small Business Administration has a rather detailed website on what you need to do.  So here are some pointers to ease your way into that SBA Small Business Loan.

Determine which program:

• General Small Business Loans: 7(a)

  The 7(a) Loan Program, SBA’s most common loan program, includes financial help for businesses with special requirements.

• Microloan Program

  SBA’s Microloan Program provides small, short-term loans to small business concerns and certain types of not-for-profit child-care centers.

• Real Estate & Equipment Loans: CDC/504

  This loan program provides financing for major fixed assets such as equipment or real estate.

• Disaster Loans

  SBA provides low-interest disaster loans to businesses of all sizes, private non-profit organizations, homeowners, and renters. SBA disaster loans can be used to repair or replace the following…

• Loan Programs

  From starting up or expanding your business to recovering from disasters, SBA loan programs are available to help your business succeed. You can explore various types of loans that may be available…

  Get Ready to Apply

  • Check Your Credit

    This section provides important information about the factors that lenders take into consideration when reviewing loan applications.

  • Determine Your Financial Needs

    Before you seek financial assistance, you should thoroughly assess your current financial situation.

  • Gather the Info You’ll Need

    State and local economic development agencies as well as numerous nonprofit organizations provide low-interest loans to small business owners who may not qualify for traditional commercial loans.