{"id":3977,"date":"2013-02-06T20:48:39","date_gmt":"2013-02-07T03:48:39","guid":{"rendered":"http:\/\/financenewmexico.5e-dev.net\/?p=3977"},"modified":"2016-12-02T15:15:51","modified_gmt":"2016-12-02T22:15:51","slug":"us-small-business-administration-sba-loans","status":"publish","type":"post","link":"https:\/\/financenewmexico.org\/sandbox\/funding\/loans-funding\/us-small-business-administration-sba-loans\/","title":{"rendered":"US Small Business Administration (SBA) Loans"},"content":{"rendered":"<p>The SBA has a number of<a title=\"Loan\" href=\"http:\/\/financenewmexico.org\/glossary\/loan\/\"> loan<\/a> programs that are offered through banks and financial institutions. The SBA provides<!--more--> <a title=\"Loan Guarantee\" href=\"http:\/\/financenewmexico.org\/glossary\/loan-guarantee\/\">loan guarantees<\/a> that often can help a business qualify for a loan they might not otherwise be able to obtain.<\/p>\n<p>If you believe you qualify for an SBA loan, ask your banker if she is an SBA Preferred Lender or is knowledgeable about SBA loans.<\/p>\n<div class=\"half\">\n<p><strong>Type of Businesses Served:<\/strong><\/p>\n<ul>\n<li>All types<\/li>\n<\/ul>\n<p><strong>Stage of Businesses Served:<\/strong><\/p>\n<ul>\n<li>All stages<\/li>\n<\/ul>\n<p><strong>Funding Style:<\/strong><\/p>\n<ul>\n<li><a title=\"Loan\" href=\"http:\/\/financenewmexico.5e-dev.net\/glossary\/loan\/\">Loans<\/a> made through lending partners<\/li>\n<li><a title=\"Loan Guarantee\" href=\"http:\/\/financenewmexico.5e-dev.net\/glossary\/loan-guarantee\/\">Loan guarantees<\/a> made through lending partners<\/li>\n<\/ul>\n<\/div>\n<div class=\"half\">\n<p><strong>Funding Range:<\/strong><\/p>\n<ul>\n<li>$5 million<\/li>\n<\/ul>\n<p><strong>Applicant Requirements:<\/strong><\/p>\n<ul>\n<li>Varies by program<\/li>\n<\/ul>\n<\/div>\n<p><br class=\"endcolumns\" \/><strong>Lending Programs:<\/strong><\/p>\n<p><a href=\"http:\/\/www.sba.gov\/category\/navigation-structure\/loans-grants\/small-business-loans\/sba-loan-programs\/7a-loan-program\" target=\"_blank\">7(a) Loan Program<\/a> provides capital for\u00a0starting, acquiring and expanding a small business. There are many variations of the 7(a) loan program, each of which apply to businesses with special needs such as money for export, rural enterprises, and businesses that require rapid loan approval. Other 7(a) loans finance veteran-, women-, and minority-owned businesses.<\/p>\n<p>Read articles about SBA loan programs and activity:<\/p>\n<ul>\n<li><a title=\"SBA Changes Intensify Business Lending Surge\" href=\"http:\/\/financenewmexico.org\/articles\/starting-or-growing-a-business\/sba-changes-intensify-business-lending-surge\/\">SBA Changes Intensify Business Lending Surge<\/a><\/li>\n<li><a title=\"\u2018Made in America\u2019 Heats Up\" href=\"http:\/\/financenewmexico.org\/articles\/general-business-advice\/made-in-america-heats-up\/\">&#8216;Made in America&#8217; Heats Up<\/a><\/li>\n<li><a title=\"Government Backs Loans for the Rural Entrepreneur\" href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/government-backs-loans-for-the-rural-entrepreneur-john-c-woosley\/\">Government Backs Loans for the Rural Entrepreneur<\/a><\/li>\n<li><a title=\"Bank Programs Tailor Credit to Specific Business Needs\" href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/bank-programs-tailor-credit-to-specific-business-needs\/\">Bank Programs Tailor Credit to Specific Business Needs<\/a><\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.sba.gov\/content\/cdc504-loan-program\" target=\"_blank\">504 Loans<\/a> provide financing\u00a0to acquire fixed assets for expansion or modernization. The SBA\u00a0usually finances 40 percent of the total project costs and a participating lender finances up to 50 percent of the total project costs. The borrower typically contributes 10 percent.<\/p>\n<p>Nonprofit <a title=\"Certified Development Company\" href=\"http:\/\/financenewmexico.org\/glossary\/certified-development-company\/\">certified development companies<\/a> are sometimes invited to facilitate 504 loans.<a title=\"Enchantment Land Certified Development Company\" href=\"http:\/\/financenewmexico.org\/funding\/loans-funding\/enchantment-land-certified-development-company-elcdc\/\"> Enchantment Land Certified Development Company<\/a> is one such CDC that works with banks in New Mexico.\u00a0Read more about 504 loans:<\/p>\n<ul>\n<li><a title=\"As Good As It Gets: 504 Loans\" href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/504-loans-as-good-as-it-gets-karen-howard-executive-director-enchantment-land-certified-development-corp\/\">As Good As It Gets: 504 Loans<\/a><\/li>\n<li><a title=\"Quemado Rito Convenience Store Puts Rural Community Back on the Map\" href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/quemado-rito-convenience-store-puts-rural-community-back-on-the-map\/\">Quemado Rito Convenience Store Puts Rural Community Back on the Map<\/a><\/li>\n<li><a title=\"Jobs Act Frees Cash for Small-Business Borrowing\" href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/jobs-act-frees-cash-for-small-business-borrowing\/\">Jobs Act Frees Cash for Small Business Borrowing<\/a><\/li>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/starting-or-growing-a-business\/sba-changes-intensify-business-lending-surge\/\" target=\"_blank\">SBA Changes Intensify Business Lending Surge<\/a><\/li>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/starting-or-growing-a-business\/conference-enlightens-veterans-about-business-opportunities-resources\/\">Conference Enlightens Veterans About Business Opportunities, Resources<\/a><\/li>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/starting-or-growing-a-business\/u-s-backed-loan-program-helps-businesses-buy-growth-assets\/\" target=\"_blank\">U.S.-Backed Loan Program Helps Businesses Buy Growth Assets<\/a><\/li>\n<\/ul>\n<p><strong>Other Programs:<\/strong><\/p>\n<p>A <a href=\"http:\/\/www.sba.gov\/sba-learning-center\" target=\"_blank\">Learning Center<\/a> on the SBA website provides video training and other tools. <a href=\"http:\/\/www.sba.gov\/category\/navigation-structure\/starting-managing-business\" target=\"_blank\">Basic business information<\/a> is also available.<\/p>\n<p><strong>Contact:<\/strong><\/p>\n<ul>\n<li>505-248-8225<\/li>\n<li><a href=\"https:\/\/www.sba.gov\/offices\/district\/nm\/albuquerque\" target=\"_blank\">sba.gov\/offices\/district\/nm\/albuquerque<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SBA has a number of loan programs that are offered through banks and financial institutions. The SBA provides<\/p>\n","protected":false},"author":3,"featured_media":5168,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[332],"tags":[],"_links":{"self":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/3977"}],"collection":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/comments?post=3977"}],"version-history":[{"count":17,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/3977\/revisions"}],"predecessor-version":[{"id":8925,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/3977\/revisions\/8925"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/media\/5168"}],"wp:attachment":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/media?parent=3977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/categories?post=3977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/tags?post=3977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}