Ascend Business Services works with lending partners who are preferred SBA lenders. This means the underwriting process is significantly faster as these entities can perform this function with greater efficiency than those who are not preferred.
SBA Loans. If you're planning to start a business or expand an existing business, you might need financing help. SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan.
From starting up or expanding your business to recovering from disasters, SBA loan programs are available to help your business succeed.
The types of loans, including: 7(a) loans, which are part of SBA’s most common program; real estate and equipment loans; disaster recovery and even exporting could be available to you. It’s important to understand SBA’s role – the agency doesn’t lend the money directly to entrepreneurs to start or grow a business, but sets the guidelines for loans that made by its partners (lenders, community development organizations and micro-lending institutions). SBA guarantees that these loans will be repaid, which eliminates some of the risk to the lending partners.
Types of SBA Programs:
- General Small Business Loans 7(a)
- Microloan Program
- Real Estate
- Equipment
- CDC/504
- Disaster Loans
- SBIC Investments, and
- Surety Bonds
