SBA Loans
The SBA offers small business owners support in various ways, including access to capital when they haven’t been able to find funding elsewhere. Created in 1953 with a mission to "maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters", the SBA continues to support the small business community and has evolved as the small business needs changed. At first, the SBA would lend directly to the small business owners, now the vast majority of SBA loans are made through over 1300 SBA approved banks, credit unions, and other non-depository lending institutions. The SBA sets certain requirements needed to obtain a government guaranteed loan but relies on the lending institutions to exercise their internal policy when determining creditworthiness and not all lenders have the same eligibility requirements, such as minimum FICO Scores.
Obtaining an SBA loan does not have to be overwhelming, SBA Loan Consultants is your one stop shop to obtain an SBA loan. After analyzing your financials and capital needs, we will connect you with an SBA lender that could assist you.