One mission of the Small Business Administration is to capitalize small business. It does so by guaranteeing repayment of a large portion of the loan amount to the lending bank, or SBA lender. The fact that the government guarantees that the bank gets a large percentage (sometimes as much as 90%) of the money they are lending makes it “easier” for the bank to lend money to you, a small business owner. It is “safer” for a bank to lend you money through an SBA guaranteed loan. A conventional bank loan is 0% guaranteed so the bank could lose up to 100% of the money that it lends. This is how the current administration is getting money out of the hands of banks and into the economy. Most businesses are small businesses – capital must get into the hands of small business owners in order for the economic recovery to continue.
If you’re a small business owner hoping to expand your current business, open another location, buy your existing location, obtain additional, replace your current financing or even obtain startup financial capital, you’ve come to the right place. YourSBA.com is your partner in navigating the complicated, and sometimes even overwhelming, procedures for obtaining an SBA loan.