KNOW YOUR OPTIONS: SOURCES OF BUSINESS CAPITAL

With the various types of SBA Loans available, it can get confusing. Below is a simplified list of the available sources of business capital out there and what differentiates each from the others.

“LOW DOC”

LOAN: SBA 7 (a)

LOAN LIMIT: $100,000 or less

AVAILABILITY: Commercial lenders

TO QUALIFY: Clear credit history

PROCESS:

ADVANTAGES:

LOAN:

LOAN LIMIT:

AVAILABILITY:

TO QUALIFY:

PROCESS:

ADVANTAGES:

LOAN:

LOAN LIMIT:

AVAILABILITY:

TO QUALIFY:

PROCESS:

ADVANTAGES:

LOAN:

LOAN LIMIT:

AVAILABILITY:

TO QUALIFY:

PROCESS:

ADVANTAGES:

LOAN:

LOAN LIMIT:

AVAILABILITY:

TO QUALIFY:

PROCESS:

ADVANTAGES:

This chart was provided by Katherine Malzacher, a Vice President for Citibank, responsible for the SBA portfolio for Southern California. She can be reached at (310) 302-4636.