Government Business Loans Chapel Hill NC

Steps

1. Figure out what category your new business fits into. Your business needs to fall into a non-profit or researching New Technology to qualify for a loan from $100,000 to 1 million.
2. Check the (SBA) Small Business Administration for all types of loans.
3. Look at the Loan Guaranty Program. Eligibility depends on the size,type and availability of funds from other sources. SBA limits.
4. Inquire about a Microloan Program. These are for a growing small business or a start-up.
5. Ask about a Pre-Qualification Program. This is for the Disabled, low income borrowers and Veterans
6. Can you qualify for a CDC 504 Program? This is basically for long-term
7. financing used in land deals and buildings.
8. Have you heard about the CAPlines Program? This is an umbrella program under the SBA. There are 5 categories: Seasonal Line, Contract Line, Builders Line, Standard Asset-Based Line and Small Asset Based Line. There are Credit lines up to $200,000.

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