Sba Loan Application - Small Business Development Corporation

Aug. 16, 2010 - PRLog -- First: For free assistance please call the Small Business Development Corporation directly at 800-761-SBDC (7232) or 1-904-GOT-SBDC.

An SBA Loan may not be the proper alternative for everyone however it is a viable resource you may wish to consider. There are many reasons why:

- Trust - When a company provides services to you when the Federal Government is your co-signer they're held to a higher standard.

- Standards - There are many errors that occur in loans every day. Most of us are unknowing of these errors and in many cases they may work in our favor or fully against our initiative. An SBA Loan is assured of accuracy due to the parties involved.

- Qualification - Believe it or not attaining an SBA Loan is not as difficult as many think. Those agencies that find it difficult, as a process, most likely never processed their clients effectively and hence can do little to assist you.

- Speed - Funding for an SBA Loan may take as little as 3-4wks if all documentation and credit with relative information is processed accordingly.

- Competition - To underwrite an SBA Loan it generally takes a professional financial or consulting firm. Their responsibility is to properly set the proposal and contracts for the banking world. Once their information has been completed you then are submitted accordingly. The rates they charge may be taken out of the funding amount thus you pay no money down in many situations.

For more on SBA Loans please contact the Small Business Development Corporation at 800-761-SBDC (7232).

Things to watch out for:
- Not everyone is an expert.
- Only utilize notarized testimonials.
- Be careful of guarantees & preapprovals.
- if you don't qualify there are many other options.

# # #

Small Business Development Corporation is a education, resource & services clearinghouse for small to mid-sized businesses. We are dedicated to economic development within small communities throughout.