Apply for an SBIC Loan Online | Your Credit Advisor

How to Get an SBIC Loan

What it is

An SBIC loan is a loan financed through a member of the 1958 Small Business Investment Company program. The program was created to help entrepreneurs find capital in order to launch small businesses when sources of funding seem scarce. SBICs are privately owned and managed investment firms that participate in a vital partnership between government and the private sector economy. SBICs borrow capital and other funding from the government at favorable rates and in turn provide venture capital funding to small independent businesses.

SBICs are profit-motivated and they invest in small businesses in order to share the success as it grows and prospers. Small businesses that qualify for the SBIC program are able to receive many types of funding, including equity capital, long-term loans, and expert management assistance. United States taxpayers also benefit as a result of the SBIC program. Tax revenue generated each year from successful SBIC investments cover the cost of the program.

Who it's for

Many small businesses find themselves in need of a business loan at one time or another for a variety of reasons, and an SBIC loan could be the answer to financial problems for new and established businesses. This program can be especially helpful to small business owners who are not eligible for financing through regular commercial lending channels.

What you need to do to apply

Applying for an SBIC loan can be quite complex. First a borrower must commit the necessary capital, including $5 million in private capitalization. Also, the borrower must provide a well-structured business plan, have qualified management on staff, and request a management assessment questionnaire from the SBIC Program Development Office. Two copies of the documentation need to be sent to the Office of Program Development, Investment Division, and the Small Business Administration in Washington, DC. Those interested in an SBIC loan should obtain a lawyer to assist in the application of the loan.

Apply for an SBIC Loan

Apply online for a business loan today at LoanWeb:

Popular Credit Cards

Recommended Credit Card

The Platinum Card® from American Express

The The Platinum Card® from American Express is one of the most popular cards available. Your Credit Advisor recommends it as our favorite in this category.

25,000 Membership Rewards® points when you spend $1,000 during your first three months of Card membership
GLOBAL Travel benefits: Priority Pass select airport club access, No Foreign Transaction Fees, Global Entry expedited U.S. immigration pass
Up to $200 in Airline Fee Credits annually to cover incidental charges on your airline of choice, including checked-baggage fee
24/7 Platinum Card® Concierge service for assistance with reservations, travel, gifts, and more
FINE HOTELS & RESORTS Program: exclusive upgrades and amenities at over 700 boutique, resort, and luxury hotels worldwide
Apply online now at American Express's Web site.

Intro APR	Regular APR	Credit Needed	Annual Fee
No Introductory Rate Available	No APR	Very Good	$450

Citi® Platinum Select® MasterCard®

0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.
Extra Cash from Citi: enjoy discounts on gift cards, travel, merchandise and more
Citi® Identity Theft Solutions
Secure, free online account management
No annual fee*
Read our review or apply online now at Citibank's Web site.

Intro APR	Regular APR	Credit Needed	Annual Fee
0% Intro APR*	11.99% - 21.99%* (Variable)	Very Good	$0*

Starwood Preferred Guest® Credit Card from American Express

Starpoints® Bonus: 10K with your first purchase and another 15K when you spend $5k within 6 months - enough for up to 6 free nights at a Category 1 or 2 hotel
Free nights, free flights: Redeem Starpoints with over 350 airlines through SPG Flights and more than 1,000 hotels and resorts worldwide. No blackout dates
2011 SmarterTravel® Award for "Best Travel Rewards Card"
$0 introductory annual fee for the first year, then $65
Read our review or apply online now at American Express's Web site.

Intro APR	Regular APR	Credit Needed	Annual Fee
No Introductory Rate Available	15.24% - 19.24% variable	None	$65*

IberiaBank Visa® Classic Card

No Annual Membership Fee
Low variable rate of 7.25%, 10.25%, or 13.25% (Prime + 4.00%, Prime + 7.00%, or Prime + 10.00%) as of 4/1/10 based on the creditworthiness. This APR will vary with the market based on the Prime Rate. (If there is an interest charge, the charge will be no less than $1.00).
Low Introductory APR on balance transfers of 1.99% for your first 6 billing cycles, this rate will not change during the introductory period. Applies to balance transfers processed within three months of your account open date. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness.
Online Access to Credit Card Account Information
Apply online now at the card issuer's Web site.

Intro APR	Regular APR	Credit Needed	Annual Fee
1.99% APR for 6 Months	7.25%, 10.25%, or 13.25%*	None	$0

American Express® Gold Card

Earn 10K Membership Rewards® points, redeemable for select gift cards valued at $100, when you spend $1,000 in your first 3 months of Card membership
Exclusive access to Gold Card Events - select concerts, shows, major sporting events, and more
Purchase Protection covers loss, theft, and damage of eligible items within 90 days of purchase
Redeem Membership Rewards® points for an exclusive array of travel, shopping, dining and entertainment rewards.
Get approved in 60-seconds.
Read our review or apply online now at American Express's Web site.

Intro APR	Regular APR	Credit Needed	Annual Fee
No Introductory Rate Available	No APR	Good	$125

Copyright © 2006–2012 Your Credit Advisor
About | Contact | Privacy Policy | Sitemap