SMALL BUSINESS ADMINISTRATION GUARANTEED (SBA) LOANS
From $35,000 to $2,000,000

myCapital can assist members with securing the following:

SBA Guranteed Loan Programs:

The 7(a) program – The primary and most flexible loan program with financing guaranteed for a variety of general business purposes. It is designed for start-up and existing small and mid-sized businesses and is delivered through commercial lending institutions.

The CDC/504 program – Provides long-term, fixed rate financing for businesses to acquire fixed assets such as real estate or equipment for expansion and modernization. It is designed for small and mid-sized businesses requiring “brick and mortar” financing and is delivered by Certified Development Companies (CDCs) that are private, non-profit corporations, set up to contribute to the economic development of their communities.
The Microloan Program - Provides small loans of up to $35,000 for working capital or the purchase of inventory, supplies and equipment. It is designed for small and mid-sized businesses and non-profit child care centers needing small scale financing and technical assistance for start-up or expansion. It is delivered by specially designated intermediary lenders (non-profit organizations with experience in lending and providing technical assistance).

SBA Direct Loan Programs:

Disaster Assistance Program – No bank involvement in this type of program. Provides low-interest loans directly from the U.S. government through the Small Business Administration for:

Physical damage to homeowners, renters, businesses and non-profit organizations of any size to repair or replace real estate, personal property, machinery, equipment and inventory destroyed in a declared disaster.
Economic injury loans that provide working capital to companies that qualify as small businesses and that are located in a declared disaster area.