What kinds of Loans can be availed from SBA?

The prominent SBA loan programs are SBA 7(a) Loan Program, SBA 504 Loan Program, and SBA Microloan Program.

What criteria do I need to fulfil for an SBA loan in NJ?

Eligibility typically requires a solid business plan, a good credit background and; the business has to conduct its operations in the United States and must also meet the SBA size standards.

How long does the SBA loan approval process take?

The time it takes to get approval will range from a few weeks to several months depending on the loan and the complexity of the application.

What can SBA loans be used for?

SBA loans are flexible in terms of use and can be used for operational purposes, acquisition of equipment/properties, and to refinance existing debts.

What is the current interest rate on SBA loan

The interest rate on SBA loans in New Jersey depends on the type of loan as well as the lending institution, but the rates are relatively low and bearable as compared to those of conventional loans.

SBA Loans – Desi Lending

Address: 2032 Park Ave, Hainesport NJ 08036

Phone: 201.203.0517

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At Desilending, we are offering loans to small businesses in New Jersey with the funding they need to thrive and expand. Our supportive and dedicated team is here to streamline the loan application process.

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