Small Business Administration Funding
The SBA stands for Small Business Administration. It is a US Government agency designed to support the growth and expansion of small business in America, including but not limited to, guaranteeing banks and other institutions loans (known as SBA Loans) on behalf of financially qualified borrowers. SBA loan guidelines can be very strict making loan approval very difficult. Many “mainstream” small businesses will not qualify for SBA funding because their books and records will not meet the lending requirements. This is the major reason why owner finance is so popular and how so many small businesses sell every year.
From loans to grants and other types of financial assistance, the SBA is a powerful financial resource that should never be overlooked by aspiring entrepreneurs. A Small Business Administration loan is a viable and smart choice for those simply unable to attain a traditional bank loan. This type of loan is valuable in that it is able to help business owners consolidate existing debt, provide for on-site improvements or can be used to buy additional equipment or supplies. Our team of professionals understands SBA loans and as such can assist prospective business buyers and existing business owners in making the right financial moves.Business Broker World stands side-by-side with clients from around the world wishing to achieve business success in America.