Bank Financing
Bank financing for Main Street businesses is typically in the form of Small Business Administration (SBA) loans. These loans are originated by SBA participating lenders, which generally make the loan with the SBA guaranteeing the lender that the lender will be repaid. Instead, loans are approved and originated by SBA participating lenders. The SBA, in turn, agrees to guarantee some percentage of the principal balance of the load (usually 50%-70%). SBA-backed loans are subject to specific underwriting guidelines regarding fees, interest rates, collateral, personal guarantees, amortization, covenants, and other forms of debt. To learn more about the SBA and its loan programs go to www.sba.gov or talk to your Sunbelt Broker. In specific circumstances, non-SBA bank loans may also be available for Main Street businesses but it is less
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