Fast Business Startup » SBA http://fastbusinessstartup.com Your guide to starting business fast Mon, 12 Jul 2010 01:34:08 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Business Credit Secret: Can you get financing help from the SBA? http://fastbusinessstartup.com/business-credit/business-credit-secret-can-you-get-financing-help-from-the-sba/ http://fastbusinessstartup.com/business-credit/business-credit-secret-can-you-get-financing-help-from-the-sba/#comments Tue, 24 Mar 2009 20:47:00 +0000 admin http://fastbusinessstartup.com/?p=203

Can you get help from the SBA?

The Small Business Administration, (SBA loans) is for people that actually have secured assets, including some equity in their house or inventory receivables in their business.

About 8 months ago, the Small Business Administration, at the government level, looked at their portfolio and was not happy with the performance of the portfolio. What they did was they closed the pipeline that’s been open for the last 15 years to these small businesses that needed access to capital.

The government guarantees 90% of these loans. The local banks guarantee 10%. But SBA lending has really dried up. It’s available to very few people right now. That funding has dried up and quite honestly, they’re not going to help you until you’ve been in business for 2 or 3 years anyway.

Scott Letourneau is the CEO of Nevada Corporate Planners, Inc and Fast Business Credit, Inc. and has helped thousands of people get access to business credit! Click the business credit link for powerful details!

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