How can SBA lenders in North Carolina help your business?
If you are short on the capital to make a big business purchase, loans are a great way to help your business grow and flourish. Small business loans from the Small Business Administration are a convenient and easy way to do this. Loan institutions such as 504 Capital—specializing in SBA CDC loans in North Carolina —can help your business grow by building capital. Different Types of SBA Loans Depending on the way you plan to use the loan, there are different SBA loans that are available for you to apply to. They include the 7(a) loan, a Microloan, or a CDC/504 loan . The 7(a) loan is the most common type of SBA loan and offers financial help for businesses that meet certain criteria. A Microloan is an SBA loan that provides small, short-term loans to small businesses. The CDC/504 loan program provides financing to small businesses to purchase major fixed assets. Each of these loans is provided through a designated lending institution located near you. How a 504 Loan Can Help Your Bu