Description
This course helps business owners and their advisors better understand the purpose of SBA loan programs, who's eligible, and whether U. S. Small Business Administration (SBA) loans are the right funding for the business. People are often surprised to learn that many businesses can benefit from the funding and resources from the SBA. The SBA definition of a small business might be bigger than you think. It begins by introducing some basics about business loans and the SBA. Next, you will learn about the players in the SBA loan process. We'll then move to the general eligibility requirements for the SBA's largest loan programs and an overview of the application process. You'll get important details about specific SBA loan programs. We'll look at:• The Standard 7(a) program• 7(a) specialized programs• The 504/CDC loan program• Other SBA loan programsYou'll learn the pros and cons of SBA loans to help you decide if SBA funding is right for your clients. You'll also get the following downloads as short summaries of key course information: Links to Key SBA InformationOverview of SBA Loan ProgramsCourse SlidesThis program does not cover temporary COVID relief programs that are no longer open to new applications, such as the PPP and the COVID-19 EIDL program.
