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Federal Loan Programs

SBA Express Loan: This is a 50% loan guarantee, which means the SBA does not give you the loan; you must go through your approved lender.  The SBA promises (guarantees) the lender that a portion of the loan will be paid back if the borrower defaults.  The loan can be used for working capital, business real estate, inventory, equipment, furniture and fixtures an revolving lines of credit.
Contact –
www.sba.gov

SBA Community Express Loan: The program is an 85% guaranty for amounts of $150,000 or less and 75% on amounts above $150,000 to $250,000, which means the SBA does not give the loan directly.  You must go through an approved lender.  The SBA promises (guarantees) the lender that a portion of the loan will be paid back if the borrower defaults.  This program is only available to women, minorities, veterans and businesses located in economically distressed areas.  This loan program also requires the utilization of an approved technical assistance provider.
Contact –
www.sba.gov

Certified Development Company 504 Loan:  This loan can be used for purchasing land or real estate, constructing or renovating facilities or buying machinery or equipment.  CDC’s (certified development corporations) are non-profit corporations that administer this program for the SBA.  A typical borrower for this loan has contributed at least 10% of all project coasts and has secured from a private sector lender.  Forty percent of the project cost is then secured from a CDC.  All CDC’s can process loan transactions in any county within Ohio.  The third party lender typically funds 90% of the project costs until a bond is sold to pay down the third party lender to 50%.
Contact –
www.sba.gov

SBA 7(a) Loan: This SBA program is designed to assist growing small for-profit businesses that can’t get financing at reasonable terms through normal lending channels such as banks.  These loans are for use with working capital; buying land and real estate; construction, renovation, improvements; buying furniture, machinery and equipment; or buying inventory.  This is a loan guaranty loan meaning the SBA promises the lender will be paid back should the borrower default.   
Contact –
www.sba.gov

SBA 504 Loan: This loan is designed for use as a fixed asset loan for small businesses expansion needs that are well suited for construction and renovation projects and/or equipment purchases that will create or retain jobs.  The typically structure of the loan is 10% equity from the borrower, 50 from the primary financial institution and 40% from the gap financing lender.  This loan typically has long-term financing, low down payments and fixed, below market interest rates, an SBA 504 loan can range from $50,000 to $4,000,000. 
Contact –
www.sba.gov
 
ARC Loan: The America’s Recovery Capital (ARC) loan program is designed to give a viable small business suffering from immediate financial hardship some temporary financial relief so they can keep their doors open and get their cash flow back on track.  This is a deferred payment loan up to $35,000, to be used for principle and interest payments on existing, qualifying debt/loans.  ARC loans are 100% guaranteed by the SBA and have no SBA or lender fees and there are no interest charges to the borrower. 
Contact -
www.sba.gov   

CDBG Loan: The CDBG is financing for small and medium sized for-profit businesses for the purchase of real estate, equipment, or construction projects that will create or retain jobs.  Preferential exception will be given to minority or female owned businesses.  The typical loan structure is 50% for private lender, 10% from the borrower and 40% gap financing.   
Contact –
www.sba.gov

Neighborhood Business Assistance Loans: The Neighborhood Business Assistance Program provides financial assistance to existing and /or expanding neighborhood small business in the city of Dayton.

Enterprise Ohio Investment Company (EOIC): The EOIC provides capital for promising Ohio based businesses.  Leveraging private funding, EOIC invests in both established and start-up companies.
Contact –
www.sba.gov

SBA Patriot Loan Express Loan: The new Patriot Express loan is offered by the SBA’s network of participating lenders nationwide and features the fastest turnaround time for loan approvals.  This program is specifically designed to support veterans; Active duty members are eligible for the Military Transition Assistance Program; Reservists and National Guard members; Current spouses of any of the previously mentioned groups; Widowed spouses of a veteran or service members.  The typical borrower is a start up or growing small for-profit business.  Loans are available up to $500,000 and qualify for the SBA’s guaranty of up to 85% of loans up to $150,000 or less and 75% for loans over $150,000 up to $500,000.  Loans rates are typically 2.25% to 4.75% over prime. 
Contact –
www.sba.gov