SBA Loan Programs: Everything You Need to Know
Date and Time
Thursday Mar 24, 2022
10:00 AM - 12:00 PM EDT
Fees/Admission
$35
SBA Loan Programs: Everything You Nee...
Description
Whether you have a startup or an existing business, your business needs capital to survive and grow. There are several ways to secure funding, but which one is right for your business?
The SBA loan programs offer extended loan terms, cover collateral shortfalls and mitigate change of ownership risk by leveraging the SBA guaranty. The SBA guarantees 75% of the loan. For loans under $350,000, the bank generally utilizes the Express program which guarantees 50% of the debt.
In this 2-hour webinar we will discuss:
- How does the SBA lending work?
- Eligibility
- 7(a) Program
- 504 Program
- SBA Express
- Community-focused programs
Speakers:
Heather Thomas, V.P. - SBA Business Development, Huntington National Bank
Nick Molea, V.P. - Business Banking Relationship Manager, Huntington National Bank
