SBA Loan Relief Program
Small businesses are often not served well by traditional financial institutions, especially in times like the current COVID-19 situation. Corporate Capital Solutions is working with the SBA, local government, and banks to help you secure SBA and disaster relief loans. SBA loans are business loans guaranteed by the Small Business Administration. SBA loans reduce risk and provides easier access to capital.
Complete our quick application to have one of our consultants review what options the SBA may have for you!
We want to help small businesses apply for SBA loans. We are here to help in your time of need!
Need an SBA loan so you can grow your business affordably?
Loans may be available up to 5 Million!
An SBA loan is a low-interest, government-backed loan, with the longest term and lowest rates available. Repaid monthly, it is available to businesses that have been in business for at least two years. Collateral is required for loans over $350,000 in some situations.
What is an SBA Loan?
An SBA loan is a loan issued by a traditional lender or alternative finance company that is backed by a guarantee from the U.S. Small Business Administration. There are four different types of loan guarantee programs through the SBA: 7(a) loans, CDC 504 loans, microloans and disaster loans. The 7(a) program, which is the option available through Corporate Capital Solutions, represents the bulk of the SBA-backed lending. Because of their federal guarantee, SBA loans are the lowest cost long-term funding available to small businesses. Before the involvement of alternative finance in the SBA market, getting an SBA-guaranteed loan was a lengthy, cumbersome process, which has now been simplified.
How can I get an SBA Loan?
Corporate Capital Solutions has streamlined the application process for all kinds of funding. SBA loans, however, have a higher threshold for approval than other types of funding. You must be in business for at least two years and be a U.S. citizen or legal permanent resident. Not every kind of business is eligible; check the SBA’s requirement list before you apply. You must have no bankruptcies in the last three years and no defaults on government-backed loans. Most importantly, your financial statements must show that your cash flow will support the loan’s repayment.
How can I use an SBA Loan?
You can use the proceeds of an SBA loan for short- or long-term working capital, including seasonal financing, construction financing and inventory. You can also use it to buy equipment or real estate, or to renovate existing real estate. You cannot use an SBA loan to refinance existing debt or to pay delinquent taxes.