The SBA is different from other loans. The application is less focused on capital, available assets, and overall collateral. But the SBA still makes it well understood that when you get the loan that you will pay the loan back. However, you can do that in small payments over a long period of time
Lehi, UT (PRWEB) October 15, 2009
SBA loans are keeping some small businesses alive. http://www.UnsecuredBizLoan.com notes that though it's a difficult time for many small businesses, the country needs them the jobs they create to help fuel the recovery.
How important are small businesses to the U.S. economy? According to SBA figures small businesses employ just over half of all private sector employees. They have generated 64% of net new jobs over the past 15 years, including 40% of high tech workers (like scientists, engineers, and computer programmers). It's also an area of innovation - small businesses produce 13 times more patents per employee than large patenting firms.
"Taking advantage of the SBA loans could help a small business survive the most serious economic downturn since the Depression," according to Julio Casiano, a business development specialist with the SBA's Connecticut office in Middletown.
The SBA is a government agency that guarantees small business loans. The loans are for essentials like acquiring supplies, property, machines, other equipment with a focus on assets to help a company grow. SBA loans were created to give to ensure the long-term growth of small businesses in this country.
"The SBA is different from other loans. The application is less focused on capital, available assets, and overall collateral. But the SBA still makes it well understood that when you get the loan that you will pay the loan back. However, you can do that in small payments over a long period of time," said Daniel Drew, owner of UnsecuredBizLoan.com.
The process for applying for an SBA loan can be longer or shorter based on the type of SBA loan. There are several types of loans says Drew who notes that UnsecuredBizLoan will help match businesses with the loan program that's best for them.
"One common misunderstanding with SBA loans is that the SBA does not actually loan the funds. Instead the SBA guarantees to lenders that they can lend the money with less risk. They guaranty up to 80% of the loan, reducing the risk to lenders," said Drew.
UnsecuredBizLoan.com offers SBA Loans of $25,000 to new businesses and $35,000 to existing businesses.
UnsecuredBizLoan.com offers Business Lines of Credit Online, Small Business Loans, Unsecured Small Business Loans, Unsecured Business Lines of Credit, and SBA Loans. Soon the company will offer Business Cash Advance Loans.
We help smaller business financial companies to get a online presence. Based in Lehi, Utah our unsecured business loans are available for businesses inside the United States.
Begin the application process for an SBA loan by filling out 7 questions at: unsecuredbizloan.com/sba/apply-now