SBA Loans And Your Business

The U.S. Small Business Administration (SBA) Loan Program has a variety of programs for specific purposes. The 7(a) loan program offers financial assistance to businesses with unique requirements. For instance, moneys are available for businesses located in rural areas or businesses that export to other countries. The Microlan Program offers small short-term loans to various nonprofit child-care centers. The SBA gives available funds to previously chosen midway lenders who are not-for-profit, community-based organizations. These organizations have lending experience in management and technical assistance. They, in turn, give the loans to qualified borrowers. The average loan is approximately $14,000, but the maximum is $50,000. More info: sba loans Rhode Island

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