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SBA Loan GuaranteesThe U.S. Small Business Administration does not offer grants to start or expand for-profit business. It does offer a wide variety of loan programs. Small Business Administration loans and loan guarantees are packaged by a private lender, not the state. SBA loans can be used for working capital, equipment, and building acquisition/construction. SBA 504 loans can be used for fixed asset acquisition for projects that create jobs. See link below for more information about the SBA and a Guide to the SBA Loan Guarantee Program. |
Grants for Small Business Assistance OrganizationsThe SBA grants are designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. SBA information for borrowers |
Being in the loop through the EDC, we can see triggers affecting our business and connect to the people who can make a difference. The EDC works on our behalf.Harold Norlund, mill manager