Government Grants
Business Grants
Home Owner Programs
Federal Programs
About Us
Page 2
That said, the SBA has also emphasized that their agency will not allow guaranteed loan funds to be utilized for malicious businesses such as gambling establishments, nonprofit enterprises, and lending or investment enterprises. Furthermore, the Small Business Administration also restricts grantees to use the funds for indiscriminate relocation of businesses and for financing of real properties that are being held for investment purposes.
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner. |
|
|
SBA has estimated that it can grant loans amounting to $2,000,000 or lower, pending the eligibility of applicants and the availability of funds and resources.
The small business establishments that wish to participate or benefit from the Loan Guarantees Program can submit their applications to participating lenders/banks so that these organizations will then be able to submit the applications for review at any SBA district office.
The Small Business Administration encourages interested parties to read more about this program before applying. To do that, don't hesitate to visit the Grants.gov website or Topgovernmentgrants.com.
Small business establishments that are located in the United States and its territories will be considered eligible to apply for this program, granted that they exhibit the desire and capacity to repay the funds that have been loaned to them.
The Loan Guarantees Program has been such a successful program ever since it's establishment. In the year 1997, the SBA has approved 99,607 loans and has administered funds amounting to $14.3 billion.
Small Business Administration's Loan Guarantees Program
Back to Page 1
About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on environmental grants and grants for youth programs. |
Additional Government Grants Resources
Uncle Sam's Money and How to Get a Micro Loan
The US Governement has a MicroLoan Program that provides small loans to new start-up companies, newly established businesses, or loans to help small business growth concerns. Under this government l...
National Estuarine Research Reserve System Land Acquisition and Construction Program
The National Oceanic and Atmospheric Administration has recently announced a funding opportunity amounting to $1,690,000 to support the National Estuarine Research Reserve System (NERRS) Land Acquisition and Construction Program.
Alabama Housing Finance Authority
The Alabama Housing Finance Authority, more commonly referred to as AHFA, is a public corporation which was established in the year 1980 under the Act No. 80-585 of the Alabama Legislature.
Achieving the Dream Program for First Time Home Buyers in New York
One of the programs of the State of New York Mortgage Agency, is the Achieving the Dream Program wherein it seeks to provide eligible low income first time home buyers with really low down payment mortgage financing programs.
Federal Emergency Management Agency: Earthquake & Building Science Program Support Implementation
The Federal Emergency Management Agency (FEMA) has recently proposed to enter into a cooperative agreement entitled Earthquake and Building Science Program Implementation with the Federal Alliance for Safe Homes, Inc.(FLASH).
Effective Communication for People with Disabilities: Before, During, and After Emergencies
The National Council on Disability has recently established the program entitled Effective Communication for People with Disabilities: Before, During, and After Emergencies wherein the agency intends to assess the quality of communication between American with handicaps and disabilities before, during, and after emergencies.
Are You Eligible To Receive A Federal Student Aid?
The Department of Education offers several types of educational financial assistance such as grants, federal loans, and work-study programs. It is very much essential for student to determine which type of assistance will best suit his/her financial needs.
Social Entrepreneurship
Spotlight
Change in the World of Work and Enterprise: Get Young People Into Work
The position young people are dealt with can be complex, and yet the entire economic system is still focused for an age that’s almost gone astray. The solution? Promoting social enterprise and getting these young people integrated into work.
