Questions on Loans? Call (314) 405-8400
SBEC partners provide SBA Loans and Working Capital
The SBEC is a strategic partner with LiftFund. LiftFund, formerly Accion Texas, was launched with the help of Accion International™ and San Antonio community and business leaders. Established in 1994 with headquarters in San Antonio, TX, LiftFund is a 501(c)(3) nonprofit organization helping entrepreneurs strengthen their businesses, stabilize and increase their incomes, create employment, and contribute to the economic revitalization of communities in the eight states in which we serve. ACCION provides credit and services to small businesses and entrepreneurs who do not have access to loans from commercial sources and to provide leadership and innovation to the microlending industry.
You can apply for loans from $500 to $250,00! Call now 210.533.2940
SBA 7A Loan: The SBEC is a referral partner with the Community Reinvestment Fund
USA provides SBA loans for projects in the EZ/EC through the SBA 7A Loan Program. SBA is committed to expanding access to capital for small businesses and entrepreneurs in underserved communities so that we can help drive economic growth and job creation. The 7(a) Loan Program is SBA’s primary program for helping start-up and existing small businesses, with financing guaranteed for a variety of general business purposes.
CRF provides SBA 7(a) small business loans from $50,000 to $4,000,000 to:
- Purchase commercial real estate
- Raise permanent working capital
- Purchase business equipment
- Refinance existing debt
- Make leasehold improvements
For assistance with SBA 7A go to http://www.crfusa.com/business_loans
SBA WORKING CAPITAL LOANS
START-UPS * HOME-BASED * FRANCHISES * EXISTING
SBA Guaranty Fee
The SBA Guaranty fee is waived through September 30, 2017.
Effective October 1, 2017 the fee is waived on loans up to $125,000. The
2% Guaranty fee will be charged on the Guaranteed portion of the
amount over $125,000. ($425 on a $150,000 loan)
NO collateral for loans under $25,000
Loans over $25,000 – best available lien on 10 year fully amortized
Collateral Coverage not part of loan decision and No penalty for early pay-off!
Low Interest Rates:
Variable/quarterly based on Wall Street Prime
$20,000 – $25,000 = Prime + 4.75% (9% as of 8/1/17)
$25,000 – $50,000 = Prime + 3.75% (8% as of 8/1/17)
$51,000 – $150,000 = Prime + 2.75% (7% as of 8/1/17)
FRED CRISPEN, SVP
TERRY CRISPEN, SVP
To apply go to: https://www.umwsb.com/loans/business-loans/sbdc/
The Contractor Loan Fund is a coalition of local governments, non-profit organizations, and small to large private sector businesses committed to build a more inclusive region. CLF partners have pooled their financial and technical business resources to make construction and expansion loans to minority and women owned businesses to facilitate their greater participation in construction projects throughout the region. If you are a City of St. Louis certified M/WBE, consider whether a CLF loan is right for you. Together we can build a strong St. Louis!
QuarterSpot assists small businesses to get the working capital they need to grow. As a small business lender, our goal is to help businesses thrive with quick and affordable funding with terms you find attractive. Get loans from $5000 t0 $150,000.