An SBA loan is a government-partnered small business loan. Despite common belief, the government doesn't directly provide the funds. Instead, it sets loan guidelines and guarantees a portion of these loans. This assurance reduces the risk for lenders in case of a default, making them more inclined to offer financial support to entrepreneurs like you.
SBA loan interest rates rank among the most competitive in the business world. These rates are tied to the prime rate, influenced by the Federal Funds Rate established by the Federal Reserve. Considering the historically low Federal Funds Rate (it peaked at 16.39% in 1981), opting for an SBA loan presents a significant opportunity to save money on interest for your business loan.
513 Puenta Del Rey Street, Las Vegas, Nevada 89138, United States
Copyright © 2024 Faithstone Capital Partners - All Rights Reserved.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.