Post on 18-May-2015
description
What kinds of
Microloans
General Small Business Loans
Real Estate & Equipment Loans
Disaster Loans
SBA loans are there?
Max repayment term: 6 years Interest rates: 8-13%*
Nonprofit Community Lenders
Terms?
Where?
Used for most business needs, except to pay debt
or buy real estate Max loan: $50,000
What?
*This is an average. Terms vary from lender to lender
7, 10, & 25 year terms
Fixed & variable interest rates available
Most banks and SBA lending intermediaries
Terms?
Where?
Used for most business needs, including paying
operational costs and refinancing debt
Max loan: $5 million
What?
10 or 20 year terms, avg. interest rate: 4%*
Startups’ down payment: 15-20%
Certified Development Companies
Terms?
Where?
Used for purchasing & improving real estate and
equipment Min loan: $50,000
What?
*As of 5/22/2013. Subject to change.
Business owners and homeowners
The SBA - Apply online or by mail
Who?
Where?
To repair or replace eligible items (home,
equipment, etc.) destroyed in a declared disaster Max loan: $2 million
What?
Brought to you by:
If you’re in the Austin,
TX area, check out these
resources:
People Fund
BiGAUSTIN
Cen-Tex CDC
Texas CDC
Texas State SBDC
Sharing is Caring!
Brought to you by:
Sources: http://cwhighlights.com/sba-loans/
http://www.sba.gov/
http://peoplefund.org/
http://bigaustin.org/
http://www.centraltexascdc.com/
http://txcdc.com/
http://www.choosewhat.com/how
-to/create-a-business-budget