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Old 12th November 2016, 02:10 PM
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Default SBA Small Business Loans for Minorities

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Old 5th March 2018, 01:00 PM
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Default Re: sba small business loans for minorities

Someone is here who will provide information about Small Business (SBA) Loans for Minorities? Tell me about best Small Business (SBA) Loans for Minorities also.
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  #3  
Old 5th March 2018, 01:00 PM
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Default Re: sba small business loans for minorities

Many financing products get marketed as a small business loan for minorities.

One of the most affordable financing options for a minority owned business is an SBA loan.

Three best loans for minority owned businesses are:
SBA Loans
CDFI Loan
Traditional Bank Loan

SBA Loans for Minority Owned Businesses:
SBA 7a Loans
Loan Amounts $30,000 - $5,000,000
Annual Gross Revenue Requirements $120,000+
Credit Score 680+
Time in Business Requirement 2+ Years
Funding Time 3+ weeks
Average APR Range 6.1% - 9.21%
Payback Time Period 10 Years for Working Capital
25 Years for Commercial Real Estate

Benefits of SBA Loans for Minorities:
Lowest Cost
Low Collateral
Long Repayment Terms

CDFI Small Business Loans for Minorities:
Examples of Common CDFI Small Business Loans:

Microloans Alternative Loans Commercial Real
Estate Loans
Loan Amounts Up to $50,000 Up To $100,000 $250,000 - $10,000,000
$10,000,000
Loan Terms Up to 6 Years Up to 5 years Up to 30 Years
APR 8% - 13% 13% - 23% 6% - 9%
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