Explaining SBA Loans For Small Business [Maverick Minute]
Welcome to today’s maverick minute. SBA loans. What are they… And, how can you get one for your business? If you’re a small business owner, or about to become one, you’re going to need money. Money for equipment, money for inventory money as working capital. Hey, it’s business and you need money to make money, right? So in the search for funding, you’ve come across something called “SBA Loans.” SBA stands for Small Business Administration. It’s a US government agency a U.S. government agency with a mission statement that reads “to aid, counsel, assist and protect the interests
of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall
economy of our nation.” Well, that’s a mouthful. The main perks of an SBA loan are the low-interest rates and its diversity incentives. It’s the milkshake that brings all of the biz owners to the yard! Now don’t go knocking at the SBA’s door though. They don’t actually, originate the loan. You need to find a financial institution
that works with the SBA. Qualifying and getting approved for one of the SBA loan programs though takes time… A lot of time. So if you: Have your [Bleep] together.
A credit score you aren’t ashamed to reveal. And willing to work through a long application process… Then get ready to dive into the world of SBA loans! Head to our website at merchantmaverick.com, or Click the link below to explore our full, in-depth articles on all things SBA loans. for more videos like this Let us know what you want to learn in the comments section below, hit the like button and subscribe to our Channel.