It is more difficult to conduct business in the USA due to the high competitiveness and the high cost of business resources. However, as in other countries, in the United States, there are many program support programs. One of the interesting initiatives is 7a: the Small Business Administration program, relevant if you have a stable growing business in the United States, which needs cheap money for scaling without the admission of investors to the company's board.
As part of the program, you can take a loan of up to $2 million to increase working capital, refinance the current debt or purchase of material resources necessary for development (you can buy furniture, equipment, consumables, etc.). You can take money for up to 7 years (for working capital) and 25 years in case of acquisition of real estate.
To get a loan from SBA, you need to comply with a number of conditions: to be a small commercial company registered in the United States (in different segments, the size of small companies varies depending on the turnover and the number of employees. You can find out the exact size for your segment here). You should have a history of commercial profit and/or small investments (as personal). The lack of unfulfilled obligations is a big plus as the ability to substantiate the goals and ways of repaying the loan received.
Where can you spend the money received? Working capital (including repayment of receivables), purchase, construction or repair of real estate, equipment, consumables, etc.
Money from SBA is a good alternative to venture, private and angelic investments, as well as crowdfunding or crowd investing.
We will be happy to help you get to this money by analyzing markets: we use big data in our work and help owners of businesses and investors find regions with the maximum ROI since 2020.