Small Business Administration's Loan Guarantees Program
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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
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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

Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.

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Community Development Financial Institutions
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.

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Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.

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Secondary Market Lending Authority Program
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.

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