Assisting Small Businesses with Funding Applications
The United States Small Business Administration (SBA) works with financial institutions to facilitate lending to small businesses across the country. There are many benefits of obtaining an SBA loan, as the Administration sets favorable guidelines for its partnering institutions and lenders, including low interest rates. The SBA reduces risk for lenders while providing financial assistance to companies that might not qualify for other types of traditional funding.
If you are interested in applying for an SBA loan, you should consult with an experienced SBA loan lawyer in Atlanta. At Battleson Law, we can advise you whether an SBA loan is right for your business and help you through the application process.
Benefits of SBA Loans
There are many different benefits of this type of business loan, including:
- Competitive rates and fees
- Lower down payments
- Collateral is not needed for all loans
- Flexible overhead requirements
- Education and counseling for certain borrowers
- Protection from predatory lenders
- Flexible use of the funds
- Loan amounts from $500 to $5 million ($10 million for PPP loans)
There are different SBA loan programs, and you want to select the one that is right for your business.
You apply for an SBA loan through a participating lender, though the loan will need to meet SBA requirements and come with an SBA guaranty. This improves your chances of qualifying for the funds you need to grow your business, increase operating capital, and more.
Contact an SBA Loan Lawyer in Atlanta for Assistance
Applying for any type of business financing can be a complicated matter. In order to benefit from SBA funding, you need to first ensure that you successfully complete the application process and qualify for the loan. You should not hesitate to seek help from an Atlanta SBA loan attorney at Battleson Law. Call 404.382.8149 or contact us online for a consultation today.
