Getting a new business off the ground takes big ideas, hard work and proper funding. As an SBA Preferred Lender (PLP Lender), Cathay Bank works with you to find the right SBA Loan Program for your business, and secure the financial assistance needed for early growth. ...
Heerwagen, Peter
Another popular SBA program is the 504 loan program. This fixed-rate loan is designed for businesses seeking to construct or purchase commercial real estate. Businesses can also use this loan to modernize their existing spaces, via renovations or the installation of new furnishings or equipment. Th...
Another popular SBA program is the 504 loan program. This fixed-rate loan is designed for businesses seeking to construct or purchase commercial real estate. Businesses can also use this loan to modernize their existing spaces, via renovations or the installation of new furnishings or equipment. Th...
loan. The New Balances must be transferred to a qualifying business account, which includes Bank of America Small Business checking and savings accounts, Merrill Working Capital Management Account, business investment accounts or Bank of America Private Bank business investment account. New Balances ...
The SBA 7(a) loan program is the basic small business loan. If your small business meets eligibility requirements, you can get one of several types of 7(a) loans with the SBA as a guarantor. For upgrading or buying new facilities, consider a 504/CDC loan from a Certified Development ...
Program Loan size Purpose SBA microloans Up to $50,000. Working capital, inventory, supplies, equipment and machinery. SBA disaster loans Up to $2 million. Repair physical damage due to a declared disaster and cover operating expenses. SBA Export Working Capital loans Up to $5 million. Workin...
While the SBA does not directly loan money under the 7(a) loan program, it guarantees a portion of the loan and sets limits on the interest rates, fees, and term lengths the financial institutions can offer. Current SBA 7(a) Interest Rates ...
7 Business Lessons I Learned From Planning My Daughter's Wedding Here's what planning a wedding taught me about building a successful business. By Ramon Ray Business News Amazon Is Going Nuclear, Joining Big Tech in the Race for More Power: 'There's Not Going to Be Enough Wind and Solar...
SBA Loan Program Seeing ResultsSBA Loan Program Seeing Results A pilot loan program by the Small Business Administration is...Franzoni, Lauryn