SBA
Small Business Loans
Is
Your Business Ineligible for
Traditional Bank Financing?
The SBA guarantees against default on business loans made
by banks and other lenders that conform to its guidelines. Disaster
Relief Loans are issued directly from the SBA.
Contrary to popular belief, these programs are NOT generally for persons with bad credit who can't get bank loans, nor are they primarily used for startup funding; rather, the primary use of the programs are to make loans for longer repayment periods and with looser affordability requirements than traditional bank financing.
Also, a business can qualify for the loan even if the yearly payment would be the same as the previous year's profit, whereas most banks would want payment for a loan to be no more than two-thirds (2/3) of the prior year's profits for a business. The lower payments, longer terms and looser affordability calculations allow some businesses to borrow more money than they could otherwise.
One of the most popular uses of SBA Small Business loans is for commercial mortgages on
buildings occupied by a small business. These programs are chosen
because most bank programs, while having similar payments and rates,
require borrowers to refinance every five years.
Types of Guaranteed Small Business Loans through banking institutions include:
- Loan Guarantee Program: The 7(a) Loan Guarantee Program are designed to help small entrepreneurs start or expand their businesses. The program makes capital available to small businesses through bank and non-bank lending institutions.
- 504 Fixed Asset Financing Program: The 504 Fixed Asset Financing Program is administered through non-profit Certified Development Companies throughout the country. This program provides funding for purchasing land or construction. Of the total project costs, a lender must provide 50% of the financing, a Certified Development Company provides up to 40% of the financing through a 100% SBA guaranteed debenture, and the applicant provides approximately 10% of the financing.
- MicroLoan Program: Available for up to $35,000 through non-profit, micro loan intermediaries, to small businesses considered unbankable in the traditional banking industry.
- Economic Development Program: SBA partners such as SCORE and the Small Business Development Centers (SBDC's), operating in each state provide free and confidential counseling and low-cost training to small businesses
-
8(a)-Business Development Program: Assists in the development of
small businesses owned and operated by individuals who are socially
and economically disadvantaged.
Once an SBA guaranteed bank loan is approved
The SBA may mail closing
documents to the applicant for signature. Disbursements may include an
initial unsecured amount of $10,000 and subsequent disbursements pending
upon construction progress and continued insurance coverage. After final
disbursement, the loan is transferred to the SBA's Office of Capital
Assets for management and servicing or collection in the case of
default.
Apply Now for a SBA
Loan
or email us at
customerservice@vitalcashflow.com
if you have any questions. You may also contact us at (888)465-0247 Ext
703 to find out how doing business with Vital Cash Flow
TM may help
increase your cash flow with a SBA Small Business Loan.
RELATIONSHIP REWARDS MILES: Earn (one) 1 Relationship Rewards Mile for every $1.00 you receive in Future Sales Financing TM.. Earn 1/5th Relationship Rewards Mile for every $1.00 you receive in SBA Loans, Equipment Leasing, Account Receivable Financing, Barter Trade Dollars, and Future Sales Financing TM with a fixed dollar amount remitted daily, weekly, or monthly, and all other business financing. Plus, you'll receive 10,000 miles each calendar year that you use at least one of VCF's products or services,10,000 miles for every NEW customer you refer, and promotional miles throughout the year for bringing additional business to vital cash flow. Redeem miles for our Profit Recovery Services, Check Guarantee Services, Gift & Loyalty Card Services, Credit Card Processing Services, Recurring Billing Services, Multiple Check Payment Guarantee Services, other products/services offered by Vital Cash Flow, or to simply buy down the cost of any NEW business financing. Please allow up to 45 days for Relationship Rewards Miles to be added to your account, once earned.
The number of miles required to redeem for products and services is based on your chosen purchases, multiplied by 125 (e.g., if the cost of the purchase is $150.00, the miles required for redemption will be $150 x 125 = 18,750 Relationship Rewards Miles.
Rewards will be calculated as specified above and then rounded to the nearest whole increment. Your account must be open and in good standing (not past due, over limit, fraudulent, restricted, high risk, in collections, or part of a consumer credit counseling program or bankruptcy settlement) to redeem rewards. Relationship If payments are received based on sales, Rewards Miles may not be added to your account or redeemed if there's a greater than 40% unexpected decrease in your gross sales and/or credit card sales.
Our Relationship Rewards Miles don't expire as long as your account is open and in good standing and you have used at least one of our products or services in the last calendar year. Relationship Rewards Miles can not be combined with any other offers, incentives, gifts, discounts, or specials. Relationship Rewards Miles may be redeemed for a minimum of 18,750 miles. You have the option to donate all or part of your miles to a charity of your choice. Vital Cash Flow has the right to change or cancel all rewards at any time. However, any earned miles will be honored.
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"An SBA Loan is a loan granted by financial institutions and “guaranteed” by the backing of the United States Government."