5% of the total cost of the loan. No fees are required to be paid to SBA. Many of these loans are provided over a six month period. In the past, the fees for loans were between 1% and 3. Repayment may last as long as five years. ARC loans offer 100% guaranty from the SBA to the lender. The best candidates for this type of loan are companies that have been profitable in the past, but are currently struggling. ARC Loans are small business loans that do not carry any associated fees. These funds may be used to make payroll, buy inventory or improve core operations. These companies may have begun to miss payments recently because of financial hardship. The repayment of the principal of the loan may be deferred for 12 months after the final disbursement of the loan.

look at your business as a whole, and although they will not deny you loan solely due to lack of collateral, it can be a contributing factor if there are other weak spots in you application. Financial Fact- SBA lenders do consider collateral when reviewing a loan application, but they also look at several other factors. Ultimately, your ability to repay the loan from your business's cash flow is the most important consideration. Your character, your creditworthiness with respect to you history of paying your debts, your management capabilities, and your equity contribution are just as important as having collateral.

The new bill also increases the 7(a) and 504 loan limits from $2 million to $5 million. Most of these loans are gained through commercial lending institutions. Some businesses will be able to refinance and incorporate their commercial real estate mortgages into the 504 loan program. The 7(a) loan program includes an Export Loan program and a Rural Lender Advantage program. Manufacturers may receive up to $5. The bill supports higher loan limits, and the maximum loan sizes increased in the pre-established loan programs. The 7(a) loan program is one of the most flexible loan programs offered for start ups and existing small businesses. However, this only applies to owner occupied units.

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