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small business administration

SBA Loans ‘ Small Business Administration Loans

Independent Bank supports the growth of businesses in its local communities through SBA lending. The SBA’s primary lending program – the 7(a) Loan Program – guarantees as much as 85 percent of loans up to $150,000 and 75 percent of loans of more than $150,000. Small Business Administration (SBA) loans can include construction/permanent commercial financing.

Private sector lenders finance half of the cost of the project, with the business kicking in 10 percent out of pocket. SBA-backed loans go to firms that might not otherwise obtain financing on reasonable terms” — a loose standard that permits the government to allocate capital according to a decidedly vague definition of the public interest.small business administration

One of the most popular uses of SBA loans is commercial mortgages on buildings occupied or to be occupied by small business. Small Business Association is a federal government agency that provides assistance to help start, build, and grow …

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Guaranteed Loans

Designed for businesses looking to purchase an existing business, expand to another location, buy equipment, acquire land or a building, or a combination. Understanding a little more about loans backed by the Small Business Administration can help you decide whether they’re right for your business. Buying or building an owner-occupied commercial property, or purchasing equipment for your business. Help can usually be obtained from SCORE, Small Business Development Centers, Certified Public Accountants (CPAs) and consultants who are available in many communities.small business administrationsmall business administration

This is a great way to find a local network of business owners and like-minded individuals. Trump has also nominated billionaire businessman Wilbur Ross as commerce secretary, and financier Steve Mnuchin as treasury secretary. The Preferred Lenders Program (PLP) is another step in the SBA’s process of streamlining” the procedures necessary to provide financial assistance to the small business community.small business administration

Small business is the lifeblood of the American economy …