BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P3D REFRESH-INTERVAL:P3D CALSCALE:GREGORIAN BEGIN:VEVENT DTSTART:20240321T150000Z DTEND:20240321T170000Z X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:SBA Lending Overview for Small Businesses - In Person DESCRIPTION:What Lenders look for in Underwriting a loan\n\n \n\nOverview of SBA Loan Programs:\n\n\n\n7a Loan Program - PRIMARY LOAN PROGRAM\n\n7a Small Loan\n\nCommunity Advantage Small Business Lending\n\nSBA Express Loan Program\n\n504 Loan Program - PRIMARY LOAN PROGRAM\n\nMicroloan Program\n\nVery Brief Discussion on Doing Business with the Federal Government (Contracting)\n\n \n\nWhat is the 7a Loan Program?\n\n7a Standard - loans from $500\,000 - $5\,000\,000\n\n7a Small Loans - loans up to $500\,000 - Loans are Credit Scored\n\nThe 7(a) Loan Program\, SBA's most common loan program\, includes financial help for small businesses with special requirements such as:\n\n Short- and long-term working capital\n Refinance current business debt\n Purchase real estate\, furniture\, fixtures\, and supplies\n\nThe maximum loan amount for a 7(a) loan is $5 million. Key eligibility factors are based on what the business does to receive its income\, its credit history\, and where the business operates. Your lender will help you figure out which type of loan is best suited for your needs.\n\n\n\nWhat is the 504-loan program?\n\nThe CDC/504 Loan Program provides long-term\, fixed rate financing for major fixed assets that promote business growth and job creation.\n\n\n\n504 loans are available through Certified Development Companies (CDCs)\, SBA's community-based partners who regulate nonprofits and promote economic development within their communities. CDCs are certified and regulated by the SBA.\n\n\n\nThe maximum loan amount for a 504 loan is $5 million. For certain energy projects\, the borrower can receive a 504 loan for up to $5.5 million per project\, for up to three projects not to exceed $16.5 million total. X-ALT-DESC;FMTTYPE=text/html:What Lenders look for in Underwriting a loan
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\nOverview of SBA Loan Programs:
\n
\n7a Loan Program - PRIMARY LOAN PROGRAM
\n7a Small Loan
\nCommunity Advantage Small Business Lending
\nSBA Express Loan Program
\n504 Loan Program - PRIMARY LOAN PROGRAM
\nMicroloan Program
\nVery Brief Discussion on Doing Business with the Federal Government (Contracting)
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\nWhat is the 7a Loan Program?
\n7a Standard - loans from $500\,000 - $5\,000\,000
\n7a Small Loans - loans up to $500\,000 - Loans are Credit Scored
\nThe 7(a) Loan Program\, SBA&rsquo\;s most common loan program\, includes financial help for small businesses with special requirements such as:\n\nThe maximum loan amount for a 7(a) loan is $5 million. Key eligibility factors are based on what the business does to receive its income\, its credit history\, and where the business operates. Your lender will help you figure out which type of loan is best suited for your needs.
\n
\nWhat is the 504-loan program?
\nThe CDC/504 Loan Program provides long-term\, fixed rate financing for major fixed assets that promote business growth and job creation.
\n
\n504 loans are available through Certified Development Companies (CDCs)\, SBA'\;s community-based partners who regulate nonprofits and promote economic development within their communities. CDCs are certified and regulated by the SBA.
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\nThe maximum loan amount for a 504 loan is $5 million. For certain energy projects\, the borrower can receive a 504 loan for up to $5.5 million per project\, for up to three projects not to exceed $16.5 million total. LOCATION:Alabama District Office 2 20th Street North\, Suite 325 Birmingham\, AL 35203 UID:e.3128.11497 SEQUENCE:3 DTSTAMP:20260825T190829Z URL:https://www.montgomerychamber.com/events/details/sba-lending-overview-for-small-businesses-in-person-11497 END:VEVENT END:VCALENDAR