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GulfCoast Business Finance Get Access to the Capital You Need

Are you a business seeking available sources of capital to finance your real estate and equipment expansion needs? Please call us (727) 895-2504 or toll free (800) 850-2504 or E-mail: info@GulfCoastBiz.com

GulfCoast Business Finance, Inc. (GBF) work with the U.S. Small Business Administration (SBA), Community Reinvestment Fund (CRF), and private-sector lenders to provide long-term, fixed asset financing whose terms are oftentimes more attractive than conventional financing.

SBA 504 Loan Program June 2010 Effective Interest Rates 5.29% 20-year Debenture 4.60% 10-year Debenture (May Rates)

GulfCoast Business Finance, Inc., 227 2nd Ave North, St. Petersburg, FL 33701, Phone: (727) 895-2504 or toll free (800) 850-2504


SBA LOAN PROGRAM FOR SMALL BUSINESSES

SBA (also known as: Small Business Administration) is an independent federal government agency to financially assist small businesses. The SBA mainly advice, and understands the business area of the business enterprises and accordingly, assesses the loan requirements of the enterprise. The SBA 7(A) loan program is the most basic loan program for helping start-up and existing small businesses, and the program guarantees the grant of all kinds of loans to businesses. Banks will take into account relevant experience of the business owner, corporate investment, business concept or planning, the nature, the ability to manage and pay, collateral and guarantees when assessing a loan. If they believe that the project is too risky for the bank, they may possibly ask for additional guarantee from the SBA. SBA guaranteed loan is one of the first funding options for the start-up business, or businesses with short operational history. Straight commercial loans are generally out of reach for those businesses as most banks require businesses to be in operation for at least 3 years to qualify. The SBA does not loan directly to the business owner. It is vital that the bank you are working with is familiar about SBA loans, as it will initially process your application, not the SBA. The SBA only reviews the application once the bank approves it. The SBA has very wide requirements, thus most businesses can apply for a loan under this program. However, lenders have their own criteria that will be the important factor whether a business receives funding. Funds are something that is absolutely essential for any company large or small. You will definitely get a loan for your small business, but you must have to give some time to get approved. You cannot expect to happen it within a week or two. You have to be realistic when you make a plan. Therefore, a loan for small businesses is not really a big problem now. Author Bio: This article has been provided courtesy of http://www.gulfcoastbiz.com. Gulf Coast Biz is a GulfCoast Business Finance, Inc. (GBF) Since 1982 providing financing programs today to include SBA 504 loan program, small business finance, small business loans, bridge financing, SBA 7 a loans, community express loan and more‌

GulfCoast Business Finance, Inc., 227 2nd Ave North, St. Petersburg, FL 33701, Phone: (727) 895-2504 or toll free (800) 850-2504


SBA Loan Program for Small Businesses