I had no idea how to go about buying a business. Jim gave me the straight facts and helped guide me through the process.
Loan Amount:
$0 to 750000
Use of Funds:
Contract Financing
DBE Certified or SBA Certified under Section 8(a); Small Disadvantaged Business; HUBZONE Empowerment Contracting Program; and Service-disabled Veterans
Startup businesses are not eligible to apply for the STLP. It is recommended that a business have at least three years of past history before applying to show an established track record.
Funds are not available for contract mobilization; equipment purchases or other long-term uses; refinance of existing debt; payment of non-current taxes; distributions or other payments to stockholders.