On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses.
An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
Using both personal and commercial real estate as the basis to obtain a private non-sba backed business loan may be an appealing option to small business owners who have equity in their home or commercial land or building, and are looking to use that equity to obtain financing for their company. Novus Capital Funding (888) 466 6615 - Info@NovusCapitalfunding.com
SBA 7(a) program — Largest SBA lending program provided by lending partners (large banks, small banks, community banks and credit unions) in which the lender provides funding, and the SBA agrees to cover the majority of the lender’s losses should the borrower fail to repay the loan
SBA Express — loan program provides loans up to $350,000 for no more than 7 years for term loans, and 3 year interest-only lines of credit that have an option to revolve.
SBA Microloan — program involves making loans through nonprofit lending organizations to underserved markets.