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Waiting on an SBA loan: While loans backed by the SBA — like 7(a) and 504 loans — can be particularly useful for businesses, getting them is anything but quick. A small business bridge loan ...
These loans have an interest rate of 4% for small businesses and 3.25% for private nonprofit organizations with terms up to 30 years. More information can be found at sba.gov. Show comments
A federal program offering loans to small businesses hurt by the collapse of Baltimore’s Francis Scott Key Bridge has received 500 applications, officials said. The funds, which could start ...
The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...
The U.S. Small Business Administration Community Advantage Loan program is designed for new and existing businesses that need loans under $250,000. The loan can be used to finance a startup company or expand an existing small business or buy real estate. The SBA guarantees 85 percent of loans up to $150,000 and 75 percent of loans greater than ...
For example, the Florida Department of Commerce is offering the Florida Small Business Emergency Bridge Loan Program, making $15 million available for businesses impacted by Hurricane Helene.
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