Office Building Loan
Can SBA Loan programs apply to a non-profit organization that owns a office building?
Thanks in advance.
Thanks for your question.
My understanding is that nonprofit organizations ARE eligible for SBA loans. However, in order to qualify for a loan you’ll need to meet the same requirements as any for-profit business. This includes providing collateral and demonstrating an ability to repay your loan through annual revenue.
For more information on SBA loans, be sure to check out our ultimate guide here: https://fitsmallbusiness.com/small-business-loans/