$250,000 For Women and Minority Entrepreneurs

This loan is targeted towards armed forces veterans, minorities, women, exporters, rural small business owners in specialized industries. This program allows SBA to prequalify applicant for a 7(a) loan guaranty before the applicant goes to the bank. The maximum loan amount is $250,000.00 SBA-designated intermediaries will work with you to review and strengthen your application that will focus on character, credit, experience and reliability rather than assets. Maximum maturity is 25 years for real estate and equipment, 7 years for working capital. Interest rates are negotiated between lender and borrower and are typically pegged to current prime rate under SBA maximum. Contact the SBA office for assistance below to be directed to compatible Lenders. Application available online at: {www.sba.gov/sbaforms/sbapreqaul2114.pdf}. U.S. Small Business Administration, Baltimore District, Office SBA, Frances Hensen, Chief, Finance Division, City Crescent Building, 6th Floor, 10 S. Howard Street, Baltimore, MD 21201; 410-962-4392; Fax: 410-962-1805; {Frances.Henson@sba.gov}; {www.sba.gov/financing/frprequal.html}.

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