SBA Loans that are guaranteed by the U.S. Small Business Administration (SBA) provide financing solutions for small businesses with limited working capital or those who don't meet the qualifications for conventional business loans. Center Bank can design an SBA loan program for your business needs.
The SBA has certain guidelines regarding businesses that may qualify for an SBA guaranteed loan. An eligible business must be independently owned and operated for profit in the United States, and must meet certain revenue guidelines established by SBA. You must also demonstrate good character, adequate collateral, managerial expertise and commitment, and the ability to repay the loan from business earnings.