The U.S. government knows many potential entrepreneurs and small businesses don't have the means to secure traditional financing for their business goals. They also recognize that small businesses play a vital role in our nation's economic development—that’s why they help provide small-business loans. Whether you're a veteran, a minority, an active member of the military, a victim of disaster, or even just a small-business owner looking to get ahead, there are government small-business loans available to help you increase inventory, hire employees, expand your business, and much more.
The money is there, but you have to do your part: to get guaranteed loans backed by the government, you need a U.S.-based business, a strong business plan, and decent credit, plus you must have exhausted all other available sources of funding. Specific loans may have additional eligibility requirements based on your business location or a minimum personal guarantee.