| PROGRAM INFORMATION |
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Start Date: | 1953 |
| | Mission: | Making access to credit available to all small businesses, including microbusinesses wishing to "step up" to bank financing with an SBA guarantee
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| | Funding Sources: | Congress of the United States
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| | Application Process: | Start with your local lender |
LOAN INFORMATION |
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Loan Terms: | Negotiated with lender. Rates are genearlly limited to 2.25% to 2.75% over national prime. Maturities are up to 25 years for fixed assets and usually 5 -10 years for working capital.
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| | Loan Eligibility: | Almost any legal business, with a very few exceptions, meeting the size definition for "small." Businesses may not be involved in speculation or investment.
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TECHNICAL SERVICES |
| | Training and Services: | A wide range of programs providing management assistance, business planning, financing and help in obtaining government contracts
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