Posts tagged SBA CAPlines
SBA 7(a) Loans for Manufacturers

In the United States, the manufacturing industry employs more than 12 million people— and produces nearly 20% of all the world’s goods. If you own and operate a manufacturing company, and you want funds to expand your firm, build a new headquarters, acquire a competitor, or even refinance your business’s debt, an SBA loan like the SBA 7(a) loan could be a fantastic option.

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How Does the SBA Define a Small Business?

Due to its mission, the SBA only guarantees loans to small businesses— but what is a “small business”? Well, according to the SBA, a small businesses have a maximum of anywhere between 250 and 1500 employees— all depending on the specific industry the business is in. Additionally, businesses have revenue limits that they must not exceed if they want to qualify for SBA financing. In general, companies with more than 1500 employees are not eligible for SBA loans.

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What is a Working Capital Loan?

A working capital loan is a loan used to fund the everyday operations of a business, including marketing, employee payroll, and other short term expenses. Working capital loans are not used to fund fixed capital, such as heavy equipment, real estate, or other long term assets.

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