Loan Guarantee Program
A percentage of the loan is guaranteed by the SBA, enabling lenders to accept greater risk on small businesses that may not currently be financially strong enough to obtain a conventional small business bank loan.
Program Features
Two significant features that SBA programs offer are lower down payments and longer term financing. These help a small business that is just starting out, or about to expand, to keep more cash flow for operational expenses and put less towards debt repayment.
Loan Purposes
SBA loans are offered for business purposes, such as owner-occupied commercial real estate, business acquisitions and start-ups, franchise financing, working capital, improvements and renovations, inventory and equipment, and debt refinancing.
More Information
If you have questions, reach out to us at 314-961-1600 or contact us to discuss your situation.
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Smith Patrick CPA
Smith Patrick CPAs is a growing firm based in St. Louis, MO. From accounting to wealth management, our team takes a consultative approach. We provide excellent, personal service to small businesses and financially active individuals. It’s our goal to help you to make the best decisions, saving you money and headaches.
About Smith Patrick CPAs
Smith Patrick CPAs is a boutique, St. Louis-based, CPA firm dedicated to providing personal guidance on taxes, investment advice and financial service to forward-thinking businesses and financially active individuals. For over 30 years, our firm has focused on providing excellent service to business owners and high-net worth families across the country. Investment Advisory Services are offered through Wealth Management, LLC, a Registered Investment Advisor.
