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Sba Loans For Your Startup - Entrepreneur now available in LA - limited time

Published Jan 11, 23
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Best Business Loans For 2023- Businessnewsdaily.com in Brownsville-Texas

CDC loan portion cannot exceed 40% of a project. Maximum SBA debenture loans can be up to $1 million, must be used for fixed assets, and generally must create one job for every $35,000 of SBA funds. Start-ups must contribute 10-20% equity to total start-up. The local CDC is the Ark-La-Tex Investment and Development Corporation, a subsidiary of the Coordinating and Development Corporation.

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The SBA International Trade Loan Program is available to small businesses engaged in international trade or adversely impacted by competition from imports. The SBA can guarantee up to $1,250,000 for a combination of fixed-asset (facilities and equipment) financing and Export Working Capital Program (EWCP) assistance. The fixed-asset portion of the loan guaranty cannot exceed $1,000,000, and the non-fixed asset portion cannot exceed $750,000.

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Maximum term is 25 years. Contact your local banker or the Shreveport Export Assistance Center at 318-676-3064 with any questions. The SBA Export Working Capital Program is available to exporters who need short-term working capital to finance transaction-specific exports. The maximum guarantee is 90% of the loan; generally up to $750,000.

The line of credit is generally available for 12 months. A personal guarantee required. Contact your local banker or the Shreveport Export Assistance Center at 318-676-3064 to get started. For SBA loans such as Fast, Trac and Low, Doc, contact your local banker, or: The Shreveport SBA District Office, LSUS College of Business Room #108 Shreveport, LA 71115 This financial incentive is designed to provide rehabilitation funds to property owners and small businesses interested in renovating older buildings located within Shreveport’s Downtown Development District.

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5%. Contact the Downtown Shreveport Development Corporation at 318-222-7403 to get started. The Tri-District Development Corporation (TDDC) provides long-term rate financing, both fixed and flexible, to qualified businesses in the 29 parishes of North Louisiana. Staffed through offices in Shreveport, Monroe and Alexandria, the TDDC provides business development financing for companies creating long-term permanent employment, primarily in the rural regions of North Louisiana (the loan types are similar to those offered by AIDC).

The Red River Valley BIDCO, Inc. (RRV BIDCO) is an affiliate of the Coordinating and Development Corporation. A River Vallor-profit business and industry development corporation, the RRV BIDCO supplements private lenders’ efforts by participating with them on special financing projects or making direct loans to borrowers who cannot qualify under a private lender's rule.

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A Small Business Administration (SBA) Express Loan is a long-term small business loan up to $250,000 that is partially guaranteed by the government. Unlike conventional term loans, an SBA Loan offers business owners the opportunity to take advantage of favorable terms as part of the SBA program, while removing some of the barriers to traditional financing options.

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Business Funding for Menu Expansion, Cooking Tools & More. Business Funding for Doctor Expansion, Medical Equipment & More. Business Funding for Office Expansion, Medical Equipment & More. Business Loans Based on Revenue That Your Company Generates. Business Loans to Consolidate High Cost Debt Into One Lower Payment. Business Loans with a Fast and Process, All Can Be Completed Online.

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Read the complete guide on private business loans. Get examples of actual business loan rates. See the most popular reasons people acquire business loans. Read about how important business loans are for businesses and the economy. Learn about avoiding the trap of business loan addiction. Explore important business financing industry statistics in the economy.

Avoid unwanted phone calls after applying for a business loan. A complete step by step guide to acquiring business loans. Learn about your rights as a borrower of business financing. Learn about all the potential fees associated with business financing. Learn about rates and understand the cost of business funding.

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See a side by side comparison of bank and alternative business loans. Learn what to do if you are denied a business loan. Learn the right points to consider when choosing your lender. Now that you are approved learn how to manage your funds. See what to do if you are going to default on your business loan.

Learn the right time to take a business loan.

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SBA loans, particularly the 7(a) and Express Loans, are very versatile and can be used for almost any business purpose. With a variety of term loans available (up to 25 years upon loan approval) and a maximum loan amount that can go up to $5,000,000, your business is sure to find an option that can meet your most basic or your most complex needs.

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