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Are SBA loans only for Americans? I am a Canadian trying to buy a business in the States. my Canadian bank will not loan me money to buy a business in the States.

Thank you If you are individual, who has an entrepreneurial spirit, you can easily get a loan offered by the federal government. This loan allows you to start a small business. the department of Small Business Administration (SBA) acts as a guarantor for these loans. these loans are provided by banks or financial institutions. very rarely, the SBA provides the loan directly.

Along with the SBA, certain other government agencies provide financing to small businesses through loans and grants. To avail of this loan, you have to submit the business plan that you have chalked out along with your abilities to indicate that you can handle the business properly. Your credit score should be high to get the loan. the lending authorities check your credit ratings before approving your loan. http://debts-to-wealth.com/category/Gove… HELP/ Are SBA loans only for American citizens???