SBA Loan Guarantee Program
Did you know that there are over 25 million small businesses as defined by the Small Business Administration (SBA)? Small businesses are responsible for the majority of all jobs in the U.S. They purchase billions of dollars in goods and services. Your small business is a critical part of the economy and the government understands YOUR BUSINESS IS IMPORTANT!
Alternative Business Capital (ABC) has partnered with several local, regional and national certified and preferred small business administration (SBA) lending partners to help you obtain an SBA business loan quickly and more efficient than by doing it yourself. Our company principle is a volunteer counselor for SCORE, a non-profit organization dedicated in helping entrepreneur succeed.
Contrary to popular belief, the SBA does not provide government loans or grants. The SBA will guarantee up to 85% of the loan based on the commercial lender's guidelines. You still must meet the lender's requirements. Alternative Business Capital help by providing you with the loan qualification information you need before you apply. Our Free Insider's Guide to SBA Loans will show you how to repair your credit, improve your credit score, and build up positive business trade references to improve your chances of successfully obtaining an SBA business loan. We will share secrets on how to prepare a business and financial plan that is attractive to lenders.
According to the SBA, most for-profit small and medium sized (SME) businesses are eligible for an SBA guaranteed loan. This includes manufacturers, wholesale, independent, franchises, retail and service businesses are qualified. However, preparation is the key.
Alternative Business Capital Lenders supports two (2) SBA loan guaranty programs;
- Basic SBA (7a) Guaranty Program
- SBA primary business loan program to help qualified small business owners obtain financing from lenders, which they may not otherwise qualify through normal channels.
- Our partners lend primarily to start-ups and existing businesses
- Our partners will lend from $100,000 to $2 million under the 7a program
- Certified Development Corporation (CDC) 504 Program
- SBA long term, fixed rate financing for small businesses acquire hard assets such as real estate, machinery and equipment for growth and expansion.
- Our partners will lend primarily to existing businesses
- Our partners will fund from $500,000 to $5 million under the 504 program
- Community Express Loan Program
(NEW: Coming Soon)
- SBA loan program for small disadvantage businesses, minorities, women and veteran owned companies. Credit problems are welcomed to apply.
- Our partners lend primarily to start-ups, small office, home office (SOHO) and existing businesses. No business plan or financials are required.
- Our partners will lend from $5,000 to $50,000 under the SOHO Loan Program
Why is the SBA considered an Alternative Financing Source?
As a SCORE counselor, we discovered that over 80% of entrepreneurs who needed business financing, were rejected because they were not prepared, did not meet the bank basic requirements or simply applied at the wrong financial institution.
Alternative Business Capital help you qualify for an SBA loan with the following;
- ABC help you prepare your business plan,
- ABC help you understand and prepare your financials and projections,
- ABC match you with an SBA lender that want your business
Want to learn more about our SBA Programs? Select below
- Basic SBA (7a) Loan Guranty Program
- Certified Development Corporation 504 Program
- Small Office Home Office (SOHO) Loan Program
- Free Insider's Guide to SBA Loans
- Contact a Project Manager
Alternative Business Capital is not a lender. We do not provide sba loans. We are a service provider and referral source for preferred and certified sba lending partners.