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SBA Surety Bond Program
Small contracting companies usually face the problem that clients are afraid that the project will not be completed satisfactorily. In order to remove such fears, the contractor can offer a surety bond, which guarantees completion of work.
SBA Microloans
SBA microloans are smaller loans provided by SBA and nonprofit lenders in the United States. The upper limit for borrowable money is $50,000, and funds can be used for equipment or machinery purchases and working capital.
SBA Community Advantage Loan
SBA Community Advantage (CA) loans are aimed at helping underrepresented business owners. This includes communities of veterans and finance businesses in underserved communities.
How to Raise Capital for a Startup Business
Many people spend too much time thinking about how to get capital for business, but few take the giant leap forward. If you are confident of your business idea and are ready to get the ball rolling, the next step is to get the needed funds for it.
Knowing the Requirements of the Lender to Qualify for an SBA Loan
Having a clear picture of the minimum qualifying requirements put forward by a lender would increase your chances of getting approved to receive their product. Many lenders are willing to provide you assistance if you are performing well in one area but are under-performing in another.
