HOME   |   CONTACT   |   MY BUSINESS TOOLS    Facebook Twitter LinkedIn Google+ Subscribe to MBDA Newsletter

You are hereHome > Common Business Questions

Common Business Questions


  • Submitted on 19 July 2010

    I need money for my business, what financing choices available?

    As an entrepreneur you have the following choices:

    Personal, Family and Friends funds, these include savings, investments, retirement funds, credit cards, home equity loans, home equity lines of credit, etc.

    Small Business Administration (SBA) guaranteed loans Lines of Credit and Term Loans.

    The SBA guarantees a portion of the loan to the lender, so in case the borrower defaults, the lender can ask the SBA for the repayment of the guaranteed portion. (You are still responsible for the loan, so your obligation does not go away).

Did you know...

MBDA Minority Business Centers helped clients obtain capital totaling $4.76 billion during the last 5 fiscal years.
Graph for Dollar Value of Capital

Upcoming Events

[Within 90 days]
08/07/2014 (All day) - 08/10/2014 (All day)
08/07/2014 (All day) - 08/10/2014 (All day)
08/07/2014 (All day) - 08/10/2014 (All day)
08/12/2014 - 1:00pm - 2:00pm
08/13/2014 - 1:00pm - 2:00pm

What MBDA Does