Finance Your Start-up with an SBA Loan

Finding financing for your new business can be daunting. Start-up companies don't have the financial history that lenders require during the loan process. Banks are conservative lenders and may not be willing to take a risk on a new company. The risk for the lender is lessened with a guarantor. Community Business Finance can help your start-up with SBA Guaranteed Loan Programs.

How Does the SBA Guaranteed Loan Program Work?

The SBA Guaranteed Loan Program was created to support and strengthen the small businesses that employ our nation. However, is it is important to realize the SBA does not loan money. A traditional lender, such as a bank, loans the money. The SBA then guarantees a portion of the loan, between 30%-90% depending on the loan type. This is similar to being a loan co-signer. This helps lenders be more comfortable with a loan that they might otherwise not approve, such as a loan for a start up, or a borrower that has less collateral than a bank requires.

Sharing Your Passion: An SBA 504 Loan in Action

Do you have a passion that you dream of turning into a business? Turning dreams into reality can seem impossible at times, but Community Business Finance helped Dr. Charles Quick do just that.

After setting up his own private practice, Dr. Quick realized he missed the consultative nature of the academic environment. He wanted to create a business where he could work with other professionals who shared his passion for veterinary medicine and the animals that they serve.

What is the SBA 504 Loan Program? Part 4: A Step by Step Process

SBA 504 loans do not get the same attention as SBA 7(a) loans when looking for financing. This four-part series is intended to help you better understand the uses and benefits of a 504 loan. To learn more, see a comparison between 7(a) and 504 loans. For more details, see our complete 504 School.

Step by Step Process

Community Business Finance works closely with you during the 504 loan process. The following outlines the steps and how we will assist you:

What is the SBA 504 Loan Program? Part 3: Eligible Use of Proceeds

SBA 504 loans do not get the same attention as SBA 7(a) loans when looking for financing. This four-part series is intended to help you better understand the uses and benefits of a 504 loan. To learn more, see a comparison between 7(a) and 504 loans. For more details, see our complete 504 School.

Eligible Use of Proceeds

A small business can use proceeds from an SBA 504 loan for direct expenditures to acquire, construct or convert a facility for company expansion, such as:

What is the SBA 504 Loan Program? Part 2: Program Benefits

SBA 504 loans do not get the same attention as SBA 7(a) loans when looking for financing. This four-part series is intended to help you better understand the uses and benefits of a 504 loan. To learn more, see a comparison between 7(a) and 504 loans. For more details, see our complete 504 School.

Program Benefits

The following are the many benefits of using an SBA 504 loan vs. traditional lending.

Expanding Your Business: An SBA Loan in Action

Has your business outgrown your current facility? Is your business offering new services or growing into new markets? Community Business Finance can help your expanding business with an SBA 504 loan. Funds from a 504 loan can be used to purchase and renovate your existing building, purchase land and construct a new building, and acquire new machinery and equipment. Community Business Finance has helped many businesses get the funding to expand their facilities and create new jobs.

How Big is Small Business? Small Businesses are Bigger than You Imagined

During this recent presidential election, you may have heard that small businesses are the backbone of America. Did you know that small businesses are responsible for 60% to 80% of all new jobs created in America? In fact, out of the 6 million US businesses with employees, over 98% are defined as a small business. Small businesses are so important that the federal government offers guaranteed loan programs designed to help grow small businesses.

Pages