Small Business Administration's Loan Guarantees Program
Page 2

That said, the SBA has also emphasized that their agency will not allow guaranteed loan funds to be utilized for malicious businesses such as gambling establishments, nonprofit enterprises, and lending or investment enterprises. Furthermore, the Small Business Administration also restricts grantees to use the funds for indiscriminate relocation of businesses and for financing of real properties that are being held for investment purposes.

SBA has estimated that it can grant loans amounting to $2,000,000 or lower, pending the eligibility of applicants and the availability of funds and resources.

The small business establishments that wish to participate or benefit from the Loan Guarantees Program can submit their applications to participating lenders/banks so that these organizations will then be able to submit the applications for review at any SBA district office.

The Small Business Administration encourages interested parties to read more about this program before applying. To do that, don't hesitate to visit the Grants.gov website or Topgovernmentgrants.com.

Small business establishments that are located in the United States and its territories will be considered eligible to apply for this program, granted that they exhibit the desire and capacity to repay the funds that have been loaned to them.

The Loan Guarantees Program has been such a successful program ever since it's establishment. In the year 1997, the SBA has approved 99,607 loans and has administered funds amounting to $14.3 billion.

Small Business Administration's Loan Guarantees Program
  Back to Page 1

About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on environmental grants and grants for youth programs.

Additional Resources

category - Small Business Grants

The Secret to Acquiring Business Grants
Business grants could be one of the most important financial tools that nearly all businesses would need. They may not be the single most significant support businesses could have, but they can get definitely help you start the business right....

---

Small Business Grants - Free or Low Cost Consulting for Your Small Business
Did you know that it is possible for you to receive free or low cost consulting for your small business? If it sounds too good to be true, rest assured it is actually possible. Not only does it make sense economically, but you would be receiving advice from professionals who have extensive business experience.

---

Disaster Relief Loans from GovLoans
GovLoans is a website created by the United States Federal Government that is designed to serve as the public's gateway to loan program information. One of the several kinds of loans that are featured in the GovLoans website are Disaster Relief loans.

---

Getting Money to Start a New Business
Starting a new business can be an exciting venture -- unfortunately, it can also be quite expensive as well. In order to get the money that you need to get your business off of the ground, you might be...

---