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The SBA does not lend money directly to small businesses. However\, the SBA assists in bringing debt capital (i.e.\, loans ranging from a few thousand dollars up to $5 million dollars) to small businesses across the country by providing incentives such as a guarantee to their lending partners (e.g.\, non-profit lenders\, small community banks\, credit unions\, regional lenders\, and nationwide banks) to assist new and existing small businesses and industries for a variety of purposes.
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In this webinar\, you will learn about the various SBA loans including the 7a\, Micro\, and Community Advantage Loan\, and gain an understanding of when a Surety Bond might be needed.
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Businesses can use SBA loans to:
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&bull\; Provide long-term working capital for operational expenses or to purchase inventory\;
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&bull\; Obtain short-term working capital\, including seasonal financing and exporting\;
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&bull\; Purchase equipment\, machinery\, furniture\, fixtures\, supplies\, or materials\;
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&bull\; Buy land or purchase\, build\, or renovate an existing building\;
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&bull\; Expand an existing business\; or
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&bull\; Refinance debt (under certain conditions).
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