SBA 7a Loans Cranford, NJ

List of Cranford SBA 7a Loans

Addresses, phone numbers, and hours of operation for SBA 7a Loans in Cranford, NJ.

Union County Economic Development Corporation Cranford NJ 75 Chestnut Street 07016 908-527-1166

About SBA 7a Loans

SBA 7a Loan Banks are financial institutions that administer certain small business loans. The federal SBA 7a Loan program provides loans to start-up and existing small businesses for a variety of purposes. These loans can be used for operational expenses, short-term working capital, establishing a new business, or purchasing equipment, supplies, real estate, or buildings. SBA 7a Loan Banks provide the loan, while the federal government guarantees payment to the lending institution. The program is managed through the U.S. Small Business Administration (SBA), a federal government agency that was formed in 1953 to support the economic growth of small businesses.