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  2. SBA 504 Loan - Wikipedia

    en.wikipedia.org/wiki/SBA_504_Loan

    The business owner puts a minimum of 10%, a conventional lender (typically a bank) puts up 50%, and a so-called Certified Development Company (CDC) puts up the remaining 40%. Certified Development Companies [3] are established under the SBA 504 program as non-profit corporations set up to support economic growth in their local areas. There are ...

  3. How to get an SBA startup loan - AOL

    www.aol.com/finance/sba-startup-loan-194343235.html

    Operate as a for-profit company. Meet the SBA size requirements for a small ... fixed-rate business loans provided through Certified Development Companies. 504 loan funds may be used to purchase ...

  4. SBA loan statistics: Top SBA lenders by state - AOL

    www.aol.com/finance/sba-loan-statistics-top-sba...

    Here are the top SBA lenders by state for the 2023 fiscal year. ... Enterprise Bank and Trust Company ($10.02 million) Readycap Lending, LLC ($7.46 million) ... SBA 504 loans: Used for buying ...

  5. Community Advantage Loan - Wikipedia

    en.wikipedia.org/wiki/Community_Advantage_Loan

    The SBA guarantees 85 percent of loans up to $150,000 and 75 percent of loans greater than $150,000. [ 1 ] Launched in 2011, the Community Advantage program intends to expand access to capital in underserved communities by allowing mission-focused, community-based financial institutions – including a Certified Development Company – to offer ...

  6. How Does the SBA 504 Loan Program Work? - AOL

    www.aol.com/news/does-sba-504-loan-program...

    However, a small business can also use SBA loans to … Continue reading ->The post How Does the SBA 504 Loan Program Work? appeared first on SmartAsset Blog. How Does the SBA 504 Loan Program Work?

  7. Small Business Administration - Wikipedia

    en.wikipedia.org/wiki/Small_Business_Administration

    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with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub.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 ...

  8. SBA loan and startup funding for women - AOL

    www.aol.com/finance/sba-loan-startup-funding...

    Between the SBA 504 and 7(a) programs in the 2023 fiscal year, 13,056 were approved for women-owned businesses of 50 percent or more, compared to the 42,409 approved men-owned businesses. Gender ...

  9. HUBZone - Wikipedia

    en.wikipedia.org/wiki/HUBZone

    HUBZone is a United States Small Business Administration (SBA) program for small companies that operate and employ people in Historically Under-utilized Business Zones (HUBZones). The HUBZone program was created in response to the HUBZone Empowerment Act created by the US Congress in 1998. [ 1 ]

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