I am starting up a new business and was wondering where are good sources for sba microloans and such.

  • upthebrand@alien.topBEnglish
    1·
    11 months ago

    The official SBA website has a lot of info regardless but beware, those interest rates have been known to blow up.

  • DoggieDippers@alien.topBEnglish
    1·
    11 months ago

    SBA loans can be pretty tedious for established businesses, and even more so for startups. But it’s doable! Here are some general guidelines:

    • $50,000 to $5,000,000 loan sizes
    • Full underwriting (tax returns, PFS, financial, SBA forms, etc.)
    • 700+ preferred credit
    • No minimum time in business - startups considered with strong collateral, experience, and personal sponsorship.
    • Rates are usually Prime + 1.75% to 3.00%
    • Fully amortized loans from 10 to 25 years