America is experiencing a small business boom. SBA loans for minority entrepreneurs are a bigger part of the story.
[3] SBA loans are made through banks, credit unions and other lenders who partner with the SBA. The SBA provides a government-backed guarantee on part of the loan. Under the Recovery Act...
SBA small business loans are issued by private lenders like banks, CDFIs and nonprofit community lenders. But they’re backed by the federal government and can provide low-interest loans and lines o...
It’s challenging for minorities and women to secure funding, even for SBA loans. Check out these SBA loan statistics on race and gender to learn more.
Key takeaways ; SBA loans are competitive and have a long application process, but are affordable with set maximum interest rates ; Conventional loans are available from banks, credit unions and online lenders ; You can find SBA loans from various lenders, including larger financial institutions and online lenders
Paula Cook National · SBA National Sales Director · (414) 531-5897 Phone · *****.****@**********.*** · Read Bio ; Robin Washienko National · SBA National Sales Director · (513) 771-1681 Phone · *****.*********@**********.*** · Read Bio
Low-interest, long-term SBA loans are a viable option for business owners suffering substantial disaster-related physical or economic damage or who want to grow their business and can’t...
and minority-owned businesses -- were not able to get loans. Accordingly, on May 28, the SBA announced that $10 billion in PPP funds would be reserved specifically for Community Development...
serve minority-owned businesses and those in distressed areas, after criticism that the first... the loans when the SBA gave them an exclusive time slot. The banks are among the smallest in...
rural, minority and women-owned businesses may not have received the loans as intended,” he said. “In addition, because SBA did not require demographic data to identify PPP borrowers in...