answersLogoWhite

0

Can I get a grant or a loan from the SBA to start a business?

Updated: 9/19/2023
User Avatar

EncofBizandFinance

Lvl 1
13y ago

Best Answer

The SBA does not provide grants to start or expand a business, but it does coordinate and disseminate information about resources to facilitate awareness of business initiatives, on consulting or mentoring opportunities

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can I get a grant or a loan from the SBA to start a business?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How does my small business qualify for an SBA loan?

SBA loans are available to many types of businesses and companies, from established to start-ups. Participating SBA lenders look for management capability, collateral pledged and the owner's equity contribution in assessing the SBA loan request.


Can woman get grant money to start a business?

Yes....contact SBA. They will help you get started and note if your a minority you may get an additional grant.


Where do I get information about an SBA business loan?

Sba.gov would be the only place I can suggest to you if you are interested in applying for a sba business loan. You could probably apply with your bank if you were interested in getting a loan.


What Can An SBA Loan Be Used For?

SBA loans can be used for many business financial requirements, for example: purchase and re-finance of property and equipment business purchases business start-ups, debt consolidation reduction, and capital.


Who Can Qualify For An SBA Loan?

There are many SBA loan options for different types of business owners. All businesses must be for profit.


How Do I Apply For An SBA Loan?

SBA offers many loan programs which can be described at their website. The SBA does not directly make loans, however they will guarantee loans made with the help of SBA approved lenders. You can find a business counselor who can help you in preparing your SBA loan application.


Where might one find information as to how to go about getting a small business start up loan?

The Small Business Administration has loan programs to help entrepreneurs start and grow businesses. Many cities have a local office for SBA, but information pertaining to SBA loans can also be found online on their website.


Why choose sba loans over others?

First off, an SBA loan can be trusted since it is a government loan. Secondly, SBA provides a lot of materials that are useful in starting your business, even past the loan.


What are the requirements for an SBA loan?

Some requirements for a SBA loan would include: the company would have to provide the bank with a description of the type of business, the purpose of the loan, personal financial statements, business financial statements, &the loan request.


What is the point of an SBA loan broker?

A SBA broker is specifically designed to help out those that are seeking a small business loan. They are there to help throughout the entire loan process.


What is a government grant of money intended to promote a business?

SBA


What is the point of an SBA business loan?

An SBA business loan is a bit of a misnomer: SBA only facilitates financing with bonds, equity financing, and debt management for small businesses, but doesn't lend money itself. See www.sba.gov for more.