$800,000 in funding for Chattanooga Businesses!
Whether a business is old or new, starting or scaling, funding is crucial to a company and its continued development. That’s what makes ANCUR so proud to celebrate our recent achievement of obtaining $800,000 for Chattanooga businesses through SBA loans since 2019!
What is the SBA?
To understand what this means, we have to understand what the SBA is. The acronym itself stands for “Small Business Administration”. According to their website, “SBA is the only cabinet-level federal agency fully dedicated to small business and provides counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses.”. Essentially, it is their job to help businesses become established and scale successfully. They’ve become especially important during the last few years, as the COVID-19 pandemic has caused a number of businesses to struggle. Determining funding for things like the CARES Act’s PPP funds, or payroll protection program, or the COVID 19 Economic Injury Distaster Loans, EIDL for short, the SBA has been a crucial component in maintaining businesses during the recent pandemic.
Receiving SBA Loans
While we’ve discussed the opportunities of SBA funding, the process is another thing entirely. Even through pandemic loan programs, the funds are limited, oftentimes having strict requirements to be eligible. Limited funding can be problematic due to the high demand for the SBA loan programs. With extended repayment periods and typically the best interest rates on the market, their loans are low risk comparatively. This can and does increase competition for the funds themselves.
ANCUR Celebrates $800k in SBA Funding For Our Clients
All of the above only heightens our excitement of achieving around $800,000 in funding for businesses in and around Chattanooga, Tennessee. Being able to support businesses, new and old. We are proud to have helped new businesses launch, old businesses stand strong, and all of the above achieve their goals.
Looking to apply for an SBA loan for your company or start up?
Its not too late. ANCUR can help you apply for your funds as soon as possible, to maximize your chances for business funding. Contact us at 423-228-7952 or use the form below to start working with us today!
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