Small Business Administration (SBA) provides small-business loans guaranteed by the SBA and issued by participating lenders, mostly banks which helps to mitigate their risk.
SBA Loans are guaranteed by the SBA, which allows lenders to offer higher terms and lower interest rates. Qualifying for these can be tricky since they require some type of collateral or personal guarantee and can take anywhere between 2-6 months for final approval.
At Progressive Capital, our team of experienced financial leaders will help you navigate the choppy waters of SBA Loan applications by making sure that all the documents, including financials, are as solid as they can be to guarantee the chances of approval.