By Edwin Freeman
Photos: Edwin Freeman\YouTube
This holiday season, seize the opportunity to propel your African American-owned business to new heights with the SBA 7(a) loan program. This government-backed financing solution offers a fast track to securing the capital you need to fuel growth, innovation, and success.
Unlock Swift Access to Funding
Streamline your funding journey and receive loan approval within 15 to 30 days. This expedited process allows you to focus on what matters most – running your business and achieving your entrepreneurial goals.
Competitive Rates and Flexible Terms
Enjoy attractive interest rates and flexible repayment terms tailored to your business needs. With the SBA 7(a) loan program, you can borrow up to $5 million to cover a wide range of expenses, including working capital, equipment acquisition, and real estate purchases.
Eligibility Requirements
To qualify for an SBA 7(a) loan, your business must meet the following criteria:
• A minimum credit score of 640
• Adherence to SBA size standards
Fees and Guarantees
• A 20% processing fee is applicable upon loan approval.
• A non-refundable application fee of $500 is required.
• The SBA guarantees a portion of the loan, reducing the lender’s risk and enhancing your chances of obtaining financing.
Embrace the Opportunity to Grow
Don’t let financial constraints hinder your entrepreneurial aspirations. Partner with SBA specialist Edwin at (929) 277-0250 to explore the SBA 7(a) loan program and unlock the potential of your African American-owned business. Together, let’s transform your business dreams into tangible realities.
