SBA-backed loans just got costlier

Article Abstract:

SBA budget cuts have caused changes to the small-business guaranteed loan program. The percentage of bank loans guranteed will be lowered, guarantee fees paid by banks will be higher for loans over $100,000, and the loan guarantee limit was raised. Record demand for loans is forecast for 1996.

Commercial Banks, Commercial Banking, Administration of General Economic Programs, Small Business Aid Programs, Business Financing, Prices and rates, Small business assistance

---

Helping small firms borrow money

Article Abstract:

The Small Business Administration's guaranteed-loan program is applicable for both growing companies as well as new firms. The most key steps in preparing to seek a loan include preparing a business plan, selecting the right lender, and preparing shareholder's statements.

Economic aspects

---

Credit on call

Article Abstract:

Line-of-credit financing can help small businesses stay afloat when cash supplies are low. Businesses can use it for expansion, or on a seasonal basis to finance inventory buildup. These types of loans can be used immediately once the line is established.

Innovations, Commercial credit

Similar abstracts:

• Abstracts: A taste of the net and all was clear. Corks pop in China. Wine makers get even bolder
• Abstracts: Many software issues rise as market gains just 0.3% in lackluster trading. Microsoft's stock price may tumble
• Abstracts: Buying what you need to run programs, without going too far. With a good modem, PC suddenly means phone connections
• Abstracts: Intel earnings declined 7% in 1st quarter. Motorola, Samsung plan to develop palmtop computers
• Abstracts: Precision-tooled ambition. How a California software firm is trying to open up the personal computer's future

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.