or an agriculture company you can’t have more than one hundred employees. As a manufacture asking for a loan from the SBA you will need at least 500 employees and no more than 1500 employees. If you as the borrower are between these guidelines or standards then you should discuss it with the local SBA office. The use of the loan can be used for business operations, construction, renovation or leasehold improvements, and acquisition of furniture, fixtures, machinery, and equipment purchase of inventory and or working capital. On a SBA loan the loans maturity is twenty-five years on real estate, and seven years for working capital. The interest rates on SBA loans may be fixed or variable. The interest rate on fixed loans will not exceed prime plus two and one quarter. It may vary a little but not more than 2.75% if the maturity is seven years. If the small business is only borrowing under twenty five thousand then the loan can exceed up to 4.25%. And 3.25% for loans Between 25,000 and 50,000. After you get the loan then there are fees that need to be paid. That consist of processing fees, origination fees, application fees, points brokerage fees, bonus points and the fees can be divide up into the payments of the duration of the loan.B. Certified Development Company Loans (504 Program) C. Special Loan Programs IV. Investment CapitalA. Small Business Investment Capital (SBIC) V. Procurement AssistanceA. Prime Contracts AssistanceB. Natural Resources AssistanceC. Subcontracting AssistanceD. COC and PASS programsVI. Disaster Loan AssistanceDuring the last forty-two years since the SBA was developed and implemented they started the disaster loan assistance program. Which intern helps people with funding when a natural disaster such as hurricanes, floods, earthquakes, tornadoes and other tragedy damages their home or business? The disaster loans are primarily to help homeowners, renters, and businesses of all sizes for rebuilding there d...
