The Alabama SBDC at ASU assists in applying for a variety of SBA loans. By understanding the process and what to expect, it is helpful to know what factors influence the decision of a lender when your application is reviewed. The type of loan generally depends on the nature and need of funding, the purpose of the loan, and assets that can be used for collateral.
Without loans, many small business owners would not achieve their dreams of opening a business or expanding their operations. Before seeking financial assistance, it is important to assess current financial situations thoroughly. Every effort should be made to make the best possible presentation at the initial loan submission.
- 7(a) Loan Program ( General Small Business)
- Microloan Program
- CDC/504 Loan Program ( Real Estate & Equipment)
- Disaster Loan Program
- Business Loan Checklist
Contact the Alabama SBDC at ASU today to schedule an appointment with one of our advisors. You can reach us at 334-229-4138.