Are you a small business in need of financial support? We're here to help! Pocono Peaks connects small businesses with lenders offering Small Business Administration (SBA) loans, providing you with the funding you need to grow and succeed.
powered by iBusiness Funding
The Small Business Administration (SBA) is a United States government agency that provides support to small businesses. Since its founding in 1953, the SBA has been helping entrepreneurs start, build, and grow their businesses.
loan options
Start by filling out an application form, providing details about your business and your financing needs.
The SBA and its partner lenders will review your application to determine your eligibility for a loan.
If your application is approved, you'll receive a loan offer outlining the terms and conditions of the loan.
Once you accept the loan offer, the funds will be disbursed to your business account, allowing you to use them for your business needs.
SBA loans can be easier to qualify for than traditional bank loans, with lower down payments and longer repayment terms
Applying for a Small Business Administration (SBA) loan can transform your business, but it requires careful preparation. To boost your approval chances, focus on these key areas:
Detail your goals, financial projections, and market understanding.
Provide Profit and Loss, balance sheets, and cash flow projections.
Share personal and business credit scores.
Identify assets for collateral and their value.