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.
Areas We Serve:
(Partial List)
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Alabama - AL, Anniston, Oxford, Auburn, Opelika, Birmingham,
Hoover, Decatur, Dothan,
Florence, Muscle Shoals, Gadsden, Huntsville, Mobile, Montgomery, Tuscaloosa Alaska - AK, Anchorage, Fairbanks Arizona - AZ, Flagstaff, Lake Havasu City, Kingman, Phoenix, Mesa, Scottsdale, Prescott, Tucson, Yuma Arkansas - AR, Hot Springs, Jonesboro, Little Rock, North Little Rock, Conway, Pine Bluff, Fayetteville, Springdale, Rogers, Fort Smith |
Louisiana - LA, New Orleans, Metairie, Kenner, Baton
Rouge, Shreveport, Bossier City, Lafayette, Houma, Bayou Cane,
Thibodaux, Lake Charles, Monroe, Alexandria Massachusetts - MA, Worcester, Springfield, Barnstable Town, Pittsfield, Boston, Cambridge, Quincy, Boston/Camb/Brook, Northwest/Merrimack, Metro West, North Shore, South Shore Maryland - MD, Baltimore, Towson, Salisbury, Hagerstown, Martinsburg, Cumberland Maine - ME, Portland, South Portland, Biddeford, Bangor, Lewiston, Auburn
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Texas - TX, Dallas, Fort Worth, Arlington, Houston, Sugar
Land, Baytown, San Antonio, Austin, Round Rock, El Paso,
McAllen, Edinburg, Mission, Corpus Christi, Brownsville,
Harlingen, Beaumont, Port Arthur, Killeen, Temple, Fort Hood,
Lubbock, Amarillo, Laredo, Waco, Longview, College Station,
Bryan, Tyler, Abilene, Wichita Falls, Odessa, Midland, Sherman,
Denison, Victoria, San Angelo, Texarkana, Dallas/Fort Worth, Mid
Cities, North DFW, South DFW Utah - UT, Salt Lake City, Ogden, Clearfield, Provo, Orem, Logan, St. George
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California - CA,
Los Angeles, Long Beach, Santa
Ana, San Francisco, Oakland, Fremont, Riverside, San Bernardino,
Ontario, San Diego, Carlsbad, San Marcos, Sacramento, Arden,
Arcade, Roseville, San Jose, Sunnyvale, Santa Clara, Fresno,
Oxnard, Thousand Oaks, Ventura, Bakersfield, Stockton, Modesto,
Santa Rosa, Petaluma, Visalia, Porterville, Vallejo, Fairfield,
Salinas, Santa Barbara, Santa Maria, Goleta, San Luis Obispo,
Paso Robles, Santa Cruz, Watsonville, Merced, Chico, Redding,
Yuba City, El Centro, Hanford, Corcoran, Madera, Napa,
Westside-South bay, SF Valley, Central LA, San Gabriel Valley,
Long Beach / 562, Antelope Valley, SF Bay Area, South Bay, East
Bay, Peninsula, North Bay Colorado - CO, Denver, Aurora, Colorado Springs, Boulder, Fort Collins, Loveland, Greeley, Pueblo, Grand Junction Connecticut - CT, Hartford, West Hartford, East Hartford, Bridgeport, Stamford, Norwalk, New Haven, Milford, Norwich, New London |
Michigan - MI, Detroit, Warren, Livonia, Grand Rapids, Wyoming, Lansing, East Lansing, Flint, Ann Arbor, Kalamazoo, Portage, Holland, Grand Haven, Saginaw, Saginaw Township North, Muskegon, Norton Shores, Jackson, Niles, Benton Harbor, Monroe, Battle Creek, Bay City Minnesota - MN, St. Cloud, Rochester, Minneapolis, St. Paul, Bloomington, Duluth Missouri - MO, Springfield, Joplin, Columbia, Jefferson City, St. Louis, Kansas City, St. Joseph, St. Charles, Farmington, South County, West County, North County Mississippi - MS, Jackson, Gulfport, Biloxi, Pascagoula, Hattiesburg Montana - MT, Billings, Missoula, Great Falls North Carolina - NC, Raleigh, Cary, Greensboro, High Point, Durham, Winston, Salem, Asheville, Hickory, Lenoir, Morganton, Fayetteville, Wilmington, Greenville, Jacksonville, Rocky Mount, Burlington, Goldsboro, Charlotte, Gastonia, Concord |
Virginia - VA, Richmond, Roanoke, Lynchburg, Charlottesville, Blacksburg, Christiansburg, Radford, Harrisonburg, Danville, Virginia Beach, Norfolk, Newport News, Winchester Vermont - VT, Burlington, South Burlington Washington - WA, Seattle, Tacoma, Bellevue, Spokane, Olympia, Bremerton, Silverdale, Yakima, Kennewick, Pasco, Richland, Bellingham, Mount Vernon, Anacortes, Wenatchee, Longview Wisconsin - WI, Milwaukee, Waukesha, West Allis, Madison, Green Bay, Appleton, Racine, Oshkosh, Neenah, Janesville, Eau Claire, Wausau, Sheboygan, Fond du Lac, La Crosse West Virginia - WV, Charleston, WV MSA, Morgantown, Huntington, Ashland, Parkersburg, Marietta, Vienna, Wheeling, Weirton, Steubenville, Wyoming - WY, Cheyenne, Casper |
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District of Columbia
- DC, Washington, Arlington, Alexandria, District of Columbia,
Northern Virginia, Maryland Delaware - DE, Dover Florida - FL, Miami, Fort Lauderdale, Pompano Beach, Tampa, St. Petersburg, Clearwater, Orlando, Kissimmee, Jacksonville, Bradenton, Sarasota, Venice, Cape Coral, Fort Myers, Lakeland, Winter Haven, Palm Bay, Melbourne, Titusville, Deltona, Daytona Beach, Ormond Beach, Pensacola, Ferry Pass, Brent, Port St. Lucie, Tallahassee, Ocala, Naples, Marco Island, Gainesville, Fort Walton Beach, Crestview, Destin, Panama City, Lynn Haven, Punta Gorda, Sebastian, Vero Beach, Palm Coast, West Palm Beach, Saint Augustine, South Florida, Miami/Dade, Broward County, Palm Beach County, Winter Park, Altamonte Springs, Lake Mary, Sanford, Apopka, |
North Dakota - ND, Bismarck, Mandan, Fargo, Grand Forks Nebraska - NE, Lincoln, Omaha, Council Bluffs New Hampshire - NH, Manchester, Nashua New Jersey - NJ, Trenton, Ewing, Atlantic City, Hammonton, Vineland, Millville, Bridgeton, Ocean City New Mexico - NM, Albuquerque, Las Cruces, Santa Fe, Farmington Nevada - NV, Las Vegas, Paradise, Reno, Sparks, Carson City New York - NY, Buffalo, Niagara Falls, Rochester, Albany, Schenectady, Troy, Poughkeepsie, Newburgh, Middletown, Syracuse, Utica, Rome, Binghamton, Kingston, Glens Falls, Ithaca, Elmira, New York, Northern New Jersey, Long Island, Catskills, Chautauqua, Elmira-corning, Hudson Valley, New York City, Plattsburgh, Adirondacks, Watertown, Manhattan, Brooklyn, Queens, Bronx, Staten Island, New Jersey, Westchester, Fairfield |
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Georgia - GA, Atlanta, Sandy Springs, Marietta, Savannah,
Macon, Athens, Clarke County, Gainesville, Albany, Dalton,
Warner Robins, Valdosta, Brunswick, Rome, Hinesville, Fort
Stewart, Columbus, Augusta, Richmond County Hawaii - HI, Honolulu Idaho - ID, Boise City, Nampa, Coeur d'Alene, Idaho Falls, Pocatello, Lewiston Illinois - IL, Peoria, Rockford, Champaign, Urbana, Springfield, Bloomington, Normal, Kankakee, Bradley, Decatur, Belleville, Edwardsville, Fairview Heights, O’Fallon, Collinsville, Alton, Glen Carbon, Troy, Granite City, Cahokia, Columbia, Carbondale, East. St. Louis, Danville, Chicago, Naperville, Joliet, City of Chicago, North Chicago land, West Chicagoland, South Chicagoland, Northwest Suburb Indiana - IN, Indianapolis, Carmel, Fort Wayne, Elkhart, Goshen, Lafayette, Bloomington, Terre Haute, Anderson, Muncie, Michigan City, La Porte, Kokomo, Columbus, Evansville, South Bend, Mishawaka, Northwest Indiana Kansas - KS, Wichita, Topeka, Lawrence, Kansas City, Overland Park Kentucky - KY, Lexington, Fayette, Bowling Green, Owensboro, Elizabethtown, Louisville, Jefferson County |
Ohio - OH, Cleveland, Elyria, Mentor, Columbus, Dayton,
Akron, Toledo, Canton, Massillon, Springfield, Mansfield, Lima,
Sandusky, Cincinnati, Middletown, Youngstown, Warren, Boardman Oklahoma - OK, Oklahoma City, Tulsa, Lawton, Oregon - OR, Salem, Eugene, Springfield, Medford, Bend, Corvallis, Portland, Vancouver, Beaverton Pennsylvania - PA, Pittsburgh, Scranton, Wilkes, Barre, Harrisburg, Carlisle, Lancaster, York, Hanover, Reading, Erie, Johnstown, State College, Lebanon, Altoona, Williamsport, Allentown, Bethlehem, Easton, Philadelphia, Camden, Wilmington Rhode Island - RI, Providence, New Bedford, Fall River South Carolina - SC, Columbia, Charleston, North Charleston, Summerville, Greenville, Mauldin, Easley, Spartanburg, Myrtle Beach, North Myrtle Beach, Conway, Florence, Anderson, Sumter South Dakota - SD, Sioux Falls, Rapid City Tennessee - TN, Nashville, Davidson, Murfreesboro, Franklin, Knoxville, Johnson City, Morristown, Jackson, Cleveland, Chattanooga, Clarksville, Memphis, Kingsport, Bristol |
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 get you approved for a Guaranteed SBA Small Business Loan.
Relationship Rewards Mile™ and Direct Mail Miles™ Terms: Receive two (2) Direct Mail Miles™ for every dollar you receive from our Unsecured Loans and10,000 Relationship Rewards Mile™ miles each calendar year that you use at least one of VCF's products or services,10,000 Relationship Rewards Mile™ for every NEW customer you refer, and promotional miles throughout the year on all products and services. Redeem miles for our Debit Recovery Services, Check Guarantee Services, Gift & Loyalty Card Services, Credit Card Processing Services, Recurring Billing Services, Direct Mail 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.
Redeeming Miles: The number of miles required to redeem for products and services is based on your chosen purchases, multiplied by 100 (e.g., if the cost of the purchase is $100.00, the miles required for redemption will be $100 x 100 = 10,000 Relationship Rewards Mile™ and/or Direct Mail Miles™
All 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. If payments are received based on sales, Relationship Rewards Mile™ and/or Direct Mail 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.
Relationship Rewards Mile™ and/or Direct Mail 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 or Direct Mail Miles can not be combined with any other offers, incentives, gifts, discounts, or specials. Relationship Rewards Miles and Direct Mail Miles may be redeemed for a minimum of 20,000 miles. And, 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 reward programs at any time. However, any earned miles will be honored.
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MSNBC.com
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"An SBA Loan is a loan granted by financial institutions and guaranteed by the backing of the United States Government."