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FEDERAL
SBA 7(a) Loan Program for Bismarck Businesses
SBA-backed financing for Bismarck small businesses needing working capital, equipment, acquisition, real estate, or refinancing.
About this program
The SBA 7(a) program helps eligible small businesses access lender financing backed by the U.S. Small Business Administration. Bismarck businesses can work with participating lenders for working capital, equipment, acquisition, expansion, real estate, and refinancing.
Eligibility
For-profit small businesses meeting SBA size, use-of-proceeds, ownership, credit elsewhere, and lender underwriting requirements.
Requirements
- Apply through a participating SBA lender
- Provide business financials, tax returns, business plan, collateral information, and use-of-funds documentation
- Meet SBA eligibility and lender repayment requirements