The U.S. Small Business Administration (SBA) was established to help businesses secure financing. SBA programs reduce risk for lenders and enables easier access to capital. There are two primary SBA financing programs offered; the SBA 504 program which offers attractive real estate and equipment financing; and the SBA loan guarantee program which offers a more flexible use of funds. These are great complementary programs that are often used together to fully meet business financing needs.Â
Financial Instituation
A financial institution provides 50% of funding for project costs
SBA / BLP
SBA/BLP provides a direct loan for up to 40% of financing for project costs
Borrowers / Business
*Borrower provides a minimum of 10% equity towards project costs
*An additional 5% cash equity is required in each situation below reducing SBA/BLP’s financing portion:
- New Business: Defined as Less than two years old
- Single Purpose: The building being purchased or constructed is considered as not easily converted to other uses, i.e. gas station, hotel
Business Lending Partners (BLP) provides up-front eligibility screening services to determine if a small business meets the general criteria to qualify for an SBA loan. Contact BLP today to discuss your project.
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Reduced Risk
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Increase Small Business Lending
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Obtain CRA Credits
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Expand Offerings
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