SBA provides loans for people who are looking to start a business or expand an existing business. SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan.
Business Lines of Credit:
A Business line of credit is offered like a credit card for businesses for a lot of different reasons. A business will have a predetermined amount of credit with one of our banks and can use it over time as needed for working capital. Collateral is not usually required unless the business has poor credit when they apply. The amount issued for a business line of credit depends on the business’s credit rating and cash flow.