The U.S. Small Business Administration’s SBA 504 Loan or Certified Development Company (CDC) program is designed to provide financing for the purchase of fixed assets, which usually means real estate, buildings and machinery, at below market rates. The primary difference between the SBA 504 Loan and the SBA 7(a) Loans are that the 504 is…
The 7(a) loan program is the SBA’s primary program for providing financial assistance to small businesses in the United States. There are 9 types of 7(a) loans. Standard 7(a) 7(a) Small Loan SBA Express Export Express Export Working Capital International Trade Preferred Lenders Veterans Advantage CAPLines Accepting Applications: Current Deadline: ongoing website Who Qualifies: depends…
Business loans to help eligible small and medium-sized companies and nonprofit organizations through the COVID-19 pandemic. Accepting Applications: April 8, 2020 Deadline: TBD website Who Qualifies: Interested businesses will work with an eligible lender to determine if they meet the program requirements, which are available online, as well as the lender’s own underwriting standards. The…
The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic. As part of SBA’s debt relief efforts, the SBA will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new 7(a), 504, and…
Accepting Applications: Current Deadline: TBD website Who Qualifies: Small business owners and qualified agricultural businesses in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19). Agricultural businesses with 500 or fewer employees are now eligible as a result of new authority granted by Congress in response to…
Accepting Applications: Micro-business Loan Deadline: ongoing website Micro-business Loan: For startups and existing businesses Loans up to $50,000 Must have a business plan and financials Must have 2-years of tax returns. Who qualifies: Start ups and existing businesses. Microbusiness Loan: For startups and existing businesses Loans up to $50,000 Must have a business plan and financials…
Accepting Applications: Express Loans Deadline: ongoing website Express Loan: For startups and existing businesses Loans up to $5,000 Must commit to one-on-one coaching and business training Who qualifies: Start ups and existing businesses. South Carolina’s Community Works program offers an express loan program for small businesses located in South Carolina. There is no cost to apply…
Accepting Applications: September 2009 Deadline: undetermined website Who qualifies: Small, existing and emerging businesses located in the central business districts of Simpsonville, South Carolina. The Economic Development (ED) & Revolving Loan Fund (RLF) are designed to encourage economic development activities and promote opportunities for employment in the communities that GCRA serves. View GuidelinesLoan Application While…
Accepting Applications: September 2009 Deadline: undetermined website Who qualifies: Small, existing and emerging businesses located in the central business districts of Fountain Inn, South Carolina. The Economic Development (ED) & Revolving Loan Fund (RLF) are designed to encourage economic development activities and promote opportunities for employment in the communities that GCRA serves. View GuidelinesLoan Application…
Accepting Applications: September 2009 Deadline: undetermined website Who qualifies: Small, existing and emerging businesses located in the central business districts of Mauldin, South Carolina. The Economic Development (ED) & Revolving Loan Fund (RLF) are designed to encourage economic development activities and promote opportunities for employment in the communities that GCRA serves. View GuidelinesLoan Application
