|
WHAT’S NEW in 2012 @ SBA!?
... the New and Improved SBA CapLines
Loan Program!
We are pleased to report the SBA has re-engineered the
CAPLines Program as of October 1,
2011 and here are the key benefits:
-
Small businesses can pledge accounts receivable, inventory,
contracts, and purchase orders in order to secure an SBA revolving
line of credit.
-
Small business subcontractors can obtain an SBA-guaranteed line of
credit to finance their work on a contract with a federal prime
contractor.
-
The SBA will no longer require small business owners without
building or equipment to use their personal assets as collateral
to secure working capital.
-
Small businesses working on a contract that requires surety
bonding can obtain an SBA-guaranteed line of credit.
Overall, the new and improved CAPLines
Program will provide business owners with the working
capital they need to take advantage of new opportunities as they
continue to grow their business and create jobs.
** Contact your local SBA District Office at
www.sba.gov to learn more
about this great loan program.
 SBA’s
top priority is to get small businesses the capital and the tools
they need to startup, grow and stay in business. That is our
mission and we will continue to work with this Administration to
help small businesses lead our country in creating jobs to put
people back to work.
|
