Business Financing Solutions, Stamford, CT | Business Funding Group

What Is The SBA?

The Small Business Administration is a government agency that was set up in 1953 to facilitate job creation in the United States by promoting and supporting business creation and growth. They are involved in education and training, financing, and general support of small businesses. Other than the EIDL (Economic Injury Disaster Loans) loans, the SBA does not lend directly to your business.

What do I need to Qualify?

The Small Business Administration, being a government entity, has a lot of regulations when it comes to who qualifies. But since the SBA is not actually the one who lends you the money, you also have each individual lender’s qualifications, their “credit box.” Because BFG has such extensive experience in this field, we are intimately familiar with both and can help you navigate the process.

What Can I Use This Funding For?

Contact Us There are numerous business expenses that an SBA loan can pay for. Many companies use it for the ongoing cost of doing business. This could include purchasing new inventory or providing general working capital. Funding is also important for expansion. This money is often used to purchase a warehouse or office building or expand into additional space at your current location.