How SBA Helps Small Businesses Gain Access to Capital February 23, 2022, 12:00pm EST February 23, 2022, 1:00pm EST

Lenders and government guaranteed loan programs have unique eligibility requirements such as eligible use of proceeds to get the loan. Small businesses will need to provide documentary evidence to show how the proceeds were used once you are successful in attaining your loan

In general, eligibility is based on what a business does to generate revenue, the character of its ownership, and where the business operates.

Normally, businesses must meet SBA size standards, be able to repay the loan, and have a sound business purpose. The lender will provide you with a full list of eligibility requirements for your loan.

Join Massachusetts SBA and your Boston SCORE chapter to explore the various roles of the small business owner and the lender.

Presenter: Nadine Boone is currently Lead Business Opportunity Specialist and Lead Business Development at the Small Business Administration-Massachusetts District Office.
She is responsible for management and oversight of the Federal Government Contracting Division and Marketing and Outreach across the Commonwealth of Massachusetts
Ms. Boone has worked for the U.S. Small Business Administration for 23 years in various positions and has earned Certification in Federal Government Contracting Level I from Federal Acquisition Institute and a certificate in Commercial Loans for Small Businesses from Omega Performance

How SBA Helps Small Businesses Gain Access to Capital