” by doing the following things for small businesses:Enhance their ability to compete effectively and efficiently against imports;Increase the access of small businesses to long-term capital for the purchase of new plant and equipment used in the production of goods and services involved in international trade;Disseminate information concerning State, Federal, and private programs and initiatives to enhance the ability of small businesses to compete in international markets; andEnsure that the interests of small businesses are adequately represented in bilateral and multilateral trade negotiations.
There are 2 major eligibility requirements for an SBA 504 loan:The Borrowing entity’s net income cannot surpass $5 million after taxes for the preceding 2 years The borrowing entity cannot have a tangible net worth in excess of $15MMIn addition to the eligibility requirements, there are several other constraints to consider:Loan proceeds cannot be used for passive or speculative activities Loans cannot be made to corporations engaged in non-profit activities For real estate loans, the Borrower must plan to use a minimum of 51% of the property for its own operations within 1 year of ownership
Go to the website for the SBA’s Lender Match ProgramFill out the online form, which requests basic information about the borrowing entity and the proposed use of fundsBased upon the information provided, the SBA will direct the business owner’s answers to participating lenders and connect them within 48 hours Once connected, the business owner will discuss their plans with the local lender and they can have preliminary discussions about things like Rates, Term, and Fees.
Find local assistance for things like: Business Plan Development; Financial Packaging; and Lending Assistance Women’s Business Center: The SBA offers specific programs to assist women in the creation of a small business PropertyMetrics provides web-based software for commercial real estate analysis and presentation.