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  • To Determine If Your Institution Is Eligible To Participate In The Small Business Lending Fund

Get To Determine If Your Institution Is Eligible To Participate In The Small Business Lending Fund

Please review the 1 applicable eligibility criteria outlined in the following term sheets , which can be found at www.treasury.gov/SBLF: C Corporation (apply under Senior Preferred Stock terms) C Corporation CPP or CDCI Refinance (apply under Senior Preferred Stock terms for CPP and CDCI Participants ) Subchapter S Corporation (apply under Subchapter S Corporation Senior Securities terms) Mutual Institution (apply under Mutual Institution Senior Secu.

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Related content

The Application Process | U.S. Department of the...
If your institution is eligible and wants to apply to participate in the Small Business...
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Overview of the Small Business Lending Fund
Mar 28, 2011 — An insured depository institution is eligible if it has assets of less...
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Small Business Financing A Resource Guide
Small Business Financing A Resource Guide. As a small business owner, you may find that...
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If you take out a small business term loan, you'll get a lump sum of capital that you'll pay back at a fixed interest rate with regular repayment terms. In most cases, these types of loans are repaid in five years and used to fund a specific investment for a small business.

A small business loan gives you access to capital so you can invest it into your business. The funds can be used for many different purposes including working capital or improvements including renovations, technology and staffing, business acquisitions, real estate purchases and more.

Banks generally require that you have good to excellent credit (score of 690 or higher), strong finances and at least two years in business to qualify for a loan. They'll likely require collateral and a personal guarantee as well.

Banks face challenges in lending to small businesses, including greater risk of the business failing, higher loan costs and difficulties assessing creditworthiness. Community banks are well positioned to meet such challenges because of their insights into local economic conditions and business opportunities.

While there are certain requirements for an SBA loan, there are also some individual and entity statuses that can potentially disqualify an SBA applicant. These can include: If your business is engaged in illegal activities, gambling, or multi-sales distribution.

Because they're backed by the U.S. government, they're less risky for banks than issuing their own loans. But SBA loans are usually harder to get than online business loans, which may require less time in business and lend to borrowers with lower credit scores.

It's safe to say most small business loans will be around or below $100,000 based on your business ideas and needs. If you default on your small business loan the lender and the SBA will look to you to pay the debt based on the personal guarantee you will need to sign.

What are the Factors Banks Consider Before Granting a Loan to a Business? Credit History. Cash Flow. Collateral. Repayment Capacity. Documents.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232