Small business owners and entrepreneurs looking to start or grow their business have long had a resource in the U.S. Small Business Administration (SBA) to help them in obtaining needed capital. The SBA has gotten a lot of press lately thanks to the CARES Act, which brought an infusion of federal funding for the sought-after Payroll Protection Program loans.
The SBA is about much more than Payroll Protection Program loans. SBA 7(a) loans have always presented significant advantages for those businesses that qualify. Loans can be used for most business purposes, including purchasing real estate, buying an existing business, covering construction costs and bolstering working capital.
There are many traditional advantages of SBA loans.
Keep reading in this Atlanta Business Chronicle article, Hidden gems of the SBA: What small business owners should know.