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

Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.

---

Department of Agriculture: Value Added Producer Grants
The Value-Added Producer Grants program is geared towards helping the Independent Producers of Agricultural Commodities, Agriculture Producer Groups, Farmer and Rancher Cooperatives, and Majority-Controlled Producer-Based Business Ventures in developing techniques that would create marketing opportunities and establish business plans involving viable marketing opportunities that involve the production of bio-based products from agricultural commodities.

---

Small Business Administration's Loan Guarantees Program
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.

---

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.

---