The Small Business Administration (SBA) was created in 1953 as an independent agency of the US government to protect the interests of small businesses, preserve competitive enterprise, and strengthen the economy. The SBA helps small business owners remain the engine of the United States by offering higher LTVs and lower DSCRs than most conventional loan products.
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You can use the following assets as collateral for an SBA guaranteed loan:
- – Land and/or buildings
- – Machinery and/or equipment
- – Real estate and/or chattel mortgages
- – Warehouse receipts for marketable merchandise
- – Personal endorsement of a guarantor (a friend who is able and willing to pay off the loan if you are unable to)
- – Accounts receivable
- – Savings accounts
- – Life insurance policies
- – Stocks and bonds
