SBA Loans Explained


SBA 7(a) Loan Video
Final Script October 2012 SBA’s primary program, the 7(a) Loan Program,
helps finance start-up and existing small businesses when they can’t get financing
from other sources or from a lender who won’t make a loan without an SBA guarantee. It’s
SBA’s most basic and popular loan program, offering flexibility, longer terms and potentially
lower down payments compared to other financing options. These loans are not funded by the SBA directly,
but banks receive a guarantee that the SBA will repay a portion of the loan if the business
defaults on payments. This lets small businesses get loan amounts
to fund startup costs, equipment, inventory and working capital. Loans made through the program may be used
to start a new business or to acquire, expand, export or continue operating a current business. Specifically, they can be used to purchase
new land or equipment, including construction costs or repairing existing capital, purchase
an existing business, refinance existing debt, purchase equipment, machinery, furniture,
fixtures, supplies or materials, fund short- and long-term working capital needs. The 7(a) Loan Program also helps small businesses
in traditionally underserved markets. To help drive growth and job creation, the
SBA is committed to expanding small business access to capital in underserved communities.
These initiatives offer a more efficient application process for minority-, women-, or veteran-owned
business, or a company in a lower-income or rural area. To be considered eligible for the SBA 7(a)
Loan Program, businesses must operate for profit, have reasonable owner equity to invest,
do, or propose to do business, in the United States or its possessions, and use other financial
resources, including personal assets, before applying for a loan. Contact your local SBA District Office for
a list of participating lenders in your area. Visit sba.gov/loanprograms to learn more about
how the SBA helps small businesses get financing.

16 comments on “SBA Loans Explained”

  1. Wasp Barcode Technologies says:

    Very well explained! Thanks for sharing this information with other fellow SMB owners.

  2. Elisa Sancez says:

    This video is awesome. My spouse and I have been earning some profits now utilizing Twitter and facebook using ONLINEJOBSFROMHOME.UPHERO.COM

  3. WhoDoesSBAloans says:

    Thank you for posting this video.  When do you anticipate the next revisions to the SBA's SOP? 

  4. Commercial Loans Austin says:

    Thanks for sharing this information.

  5. Commercial MarketPlace says:

    Good information… Thanks for posting it.

  6. Kelli Fusaro says:

    SBA helped us start our business in 2005 – Photo Bake Shop.com. We offer licensing programs to upcoming entrepreneurs. Our licensees use SBA as a resource for Micro Loans. If you are interested in a work-at-home profitable career, we have a free webinar tp get you up and running within 30 days.

  7. SBA Capital says:

    SBA-Capital offers SBA loans to business owners nationwide. As a Dallas, Texas based company, our lending team has been providing quality service for our customers for 32 years. Our objective is to match your short and long term financial needs to the best SBA loan program available.

  8. Best Local Businesses In Sacramento CA says:

    It’s great that the SBA offers loans to startup companies, because getting a business off the ground can be expensive. I think that if someone has a viable idea, they should have a way to get the funding to make it happen. Getting that funding would take a big weight off of the startup company so that they could focus on putting all the business processes together and to develop a marketing strategy that can get their prospects coming to them in order to sustain growth.

  9. The1Thatgotaway412 says:

    Need SBA loans? visit www.smartbizloans.com/partner/breenadisson/travis

  10. 7a Funding says:

    Nice video. Once the business plan is done. Many first time entrepreneurs cannot get traditional bank funding. That's why we started 7afunding. Look us up.

  11. Victor Nichols - LaundromatSecrets says:

    Great explanation about the SBA loans…

  12. Luvenia Smith says:

    S B A, U S SMALL BUSINESS, PUT A $50,000.00 WRAP AROUND ON $1,875.000.00 OF SECURED PROPERTY, 3/BUSINESS PROFESSIONAL HAIR CENTER MORRIS BEAUTY SCHOOL OF COSMETOLOGY, SELF-HELP-INC, MORTGAGE PAYMENT $1683.00 MONTH PROPERTY 3060 LONG BEACH BL LB CA 90807 3206 MAINE LB CA 90806 2/3/BR/ HOUSES INCOME RENTAL PROPERTY
    $,1,400.00 M0NTH 1124 EAST 17TH STREET & 1126 EAST 17TH STREET LONG BEACH CA 90813 INCOME PROPERTY RENTAL OFFICE PROPERTY PROPERTY SUITE RENT PROPERTY INCOME A, $2,000.00 B, $2,000,00 C, $500.00 D $, 500.00 E, $500.00 F, $500.00 SOME TIME THEY HELP YOU AND SOME TIME THEY DESTROY YOU, I WAS SECURED , WITH A LOAN GUARANTEED, WORTH, $1,875.000.00 4-2-1991, 4-3-1991, I WAS PENNY LESS, MY BUSINESS WAS DONATED TO THE SALVATION ARMY, MY HOME WAS DONATED TO VIOLETA A GRAY, WORTH $400.000.00 PROPERTY NOW WORTH $ 565. 000 .00 EQUITY AND INTEREST VIOLETA A GRAY TOOK OUT A $133.000.00 LOAN AND A $198,000.00 LOAN, SHE TOOK OUT THE EQUITY AND SHE NEVER PAID A PINNY WAS DONATED TO HER FOR 00/00 DOLLARD [email protected]>com

  13. jasmine jessy says:

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