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Listen to the live interview of Paul Mazbanian, founder of SBC Lending named the 2011 SBA Young Entrepreneur of the Year by the U.S Small Business Administration- Los Angeles District Office.
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Loan Programs SBA 504 Loan Program $125,000 - $5,000,000 Used for commercial property acquisitions. This SBA program makes it convenient for the borrower with an Loan To Value of 90%. That is, 10% down from the client, 50% from the lending institution and 40% from the CDC. Fixed financing is available up to 25 years with a low interest rate. SBA 7(A) Loan Program $35,000 - $2,000,000 This program caters to both start-up and existing businesses and was established to provide financing to borrowers who cannot qualify for conventional loans. Loan amounts range from $35,000 to $2,000,000 with guarantees of up to $1 million; up to 25 year amortization available. Veterans Advantage Loans $5,000 - $25,000 The Veterans Advantage Loan is geared toward new or existing businesses which are owned by a Veteran or a Spouse of a Veteran. The maximum loan amount is $25,000 and may be used for a variety of purposes depending on the needs of the business. Microloans Up to $35,000 The Microloan Program provides small, short-term loans to small businesses. It acts as a bridge between the smaller loans and the larger loans. Where some businesses may not need a large loan, the microloan who's maximum loan amount is $35,000 provides the needed financing for the purchase of inventory, furniture's, machinery etc. |