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SBA 7(a) Guarenteed Loan Program « Back to Search Results
SBA 7(a) Guarenteed Loan Program

Category: Business Finance Options

The Small Business Administration (SBA) 7(a) Guaranteed Loan Program provides conventional lenders with guarantees of up to 90% for loans made to qualifying businesses for purposes of fixed asset or working capital financing, or refinancing of existing debt. The maximum guaranty amount is typically $750,000 and interest rates may be fixed or variable, however may not exceed 2.75% over the New York Prime Rate as quoted by the Wall Street Journal. The term of the loan is determined by the useful life of the asset being financed.

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"Just wanted to say thank you for a great tour of Redwood is so wonderful to see a community with such beauty and awareness of its potential by the way Redwood Falls promotes itself and the surrounding area. We thoroughly enjoyed seeing the growth and remarkable natural setting that the area provides....what a pleasant and unexpected surprise!!! Thank you again for taking the time to show us your beautiful city and all it has to offer....anyone would be pleased to visit and locate there!"

Jackie Buysse

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