Business Loan No Collateral

Posted onDecember 19, 2011 - 7:19 pm by Admin | 0 Comments

The US small business administration is a federal agency that aims to help small businesses grow and thrive. The SBA itself does not provide funds to individuals or banks, but rather functions as a guarantor to the lending institution, meaning if you don’t pay back the business loan, the SBA will.

Serving as a guarantor to the bank also allows the SBA to set and enact lending guidelines for its programs. These guidelines are designed to give more people access to capital that ordinarily would not be available due to the strict and often lofty credit requirements banks impose on their borrowers.


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