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Delancey Street is a premier small business lender, based out of NYC, that has helped broker 100's of millions in business loans. They are a pro, at making sure you get all of your financing needs satisfied.
- Over $200 million in funding secured
- Can handle low risk credit
- Handles all industries
- Handles high risk and low risk loans
Are you a small business owner in Fresno, California? Do you need financial assistance to help grow your business? Look no further as Fresno Small Business Loans is here to serve your every need.
H2: What Are Fresno Small Business Loans?
Fresno Small Business Loans provide financial assistance to businesses that are struggling to obtain traditional loans or financing from traditional financial institutions. These loans can range from $5,000 to $500,000, granted by the Small Business Administration (SBA) without any additional charges or fees upfront.
The SBA works closely with preferred lenders within Fresno County who offer a variety of loan programs including microloans, 7(a) loans, and express loans. Fresno Small Business Loans aim to create ways for small businesses owners to obtain credit at lower cost options through the SBA programs.
H3: Benefits of Apply For Fresno Small Business Loans
There are numerous benefits to applying for Fresno Small Business Loans. Here are some of the most significant:
1. High Acceptance Rates: Compared to traditional lenders, the SBA has flexible lending criteria, meaning more small businesses owners are accepted for finance. The team tries to make sure that there’s a certain amount of industry involved, but its not necessary always.
2. Lower Interest Rates: Fresno Small Business Loans often come with lower interest rates than traditional bank loans.
3. Longer Repayment Terms: SBA loan programs generally offer longer repayment terms than conventional business loans, providing owners with more manageable monthly payments.
4. No Minimum Revenue Requirements: Unlike traditional banks, the SBA does not require business owners to meet a minimum revenue benchmark to qualify for funding.
5. Alternative Financial Options: The SBA offers several financing programs to suit varying needs and industries, such as the 7(a) loan program, Express loan program, and Microloan initiative.
6. Free Advice: The SBA provides support and free advice which helps the applicants to get finances for their small businesses while obtaining loans.
H3: Applying for Fresno Small Business Loans
Applying for a SBA loan through Fresno Small Business Loans is an easy process. Here are several things to prepare:
1. Ensure eligibility: Check if your business meets the requirements to qualify for a SBA loan. A list of criteria can be found on the SBA website.
2. Next, you should decide which loan program is best for your business by conducting research about the different types of loan programs available.
3. Gather financial statements and projections, including tax returns and a business plan.
4. Prepare a business proposal outlining how the money will be used to grow or sustain the business.
5. Find a local Fresno lender who is authorized by the SBA to process applications for loan according to guidelines by the SBA.
6. Finally, complete and submit your application online or in-person with your chosen lender.
H3: Success Stories of Fresno Small Business Loans
Several Fresno-based businesses have utilized small business loans to help support their growth, including:
1. Arte Americas – One of Fresno’s most prominent cultural institutions, Arte Americas used SBA financing to expand their facilities and grow their art education programming. The loan has helped keep this non-profit alive during tough times where funding wasn’t available.
2. Down To Earth Garden Supply – This growing enterprise used a small business loan to expand their operations with new products and services, now serving gardeners across the nation.
3. Pardini’s Catering & Banquets – Leveraging SBA financing, Pardini’s Catering & Banquets modernized their banquet menus, increased employee wages, and improved their marketing strategy. They saw over 30% YOY sales growth due to this investment.
By using these loans, these businesses were able to adapt, pivot and thrive – rebuilding after years of setbacks or taking the risk to scale when their products and services were in demand.
H2: Conclusion
If you are a small business owner in Fresno struggling to secure financing, consider applying for a Fresno Small Business Loan through the SBA. The loans have many benefits over traditional lending options, such as lower interest rates, longer repayment terms, and free advice from experts. By utilizing these loans, businesses are empowered to grow, innovate, and reach new heights of accomplishment!
H4: Resources/References:
1. Visit https://www.fresnoedc.com/programs-services/small-business-loans/ for further details.
2. How the Small Business Administration Can Help You Grow a Business – tobincenter.org
3. Credit not good enough for a bank loan? Try an SBA loan instead – ABC News.
4. Pros and Cons of SBA Loans – Nerdwallet
5. Guide to Fresno-Based Entrepreneurs with resources and support – fresnochamber.com
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