How To Get Sba 7(a) Loans

The most popular Small Business Administration loan program is the 7(a) loan. The 7(a) loan program assists small businesses in starting and growing their businesses. Funds can be used to purchase land or buildings, buy supplies or furniture, and cover long and short-term capital needs. Proceeds from 7(a) loans can also be used to purchase an existing business. There are restrictions on funds awarded through sba loans. The funds can not be used to pay off existing debt owed to individuals, businesses or the government. Sba loans provide much needed assistance to many small businesses throughout the business cycle, from start-up to acquisition of other businesses. Rates are generally low and terms are flexible. More info: sba loans Rhode Island

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