Sources of Funding for Healthcare Project
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Part I and II
Primary Sources of Funding:
Loans:
7(a) Loan Program
? CapLines
o Line of Credit:
 Standard Asset-Based Line-Revolving line of credit for recurring and short-term debts.
 Seasonal Line-Loans to finance inventory expenses and accounts receivable during short-fall periods.
 Small Asset-Based Line-This credit line offers the potential to obtain up to a $200,000 line of credit with initial fee requirements waived.
o Constraints:
 Regardless of whether or not the organization is successful, the organization is obligated to repay the line of credit.
 Line of credit may be difficult to obtain especially for new entrepreneurs.
 Credit restrictions may apply depending on the type of program you are using.
 May incur upfront charges and fees.
 Higher interest rates than a traditional loan or secured line of credit.
o Resource: http://www.sba.gov/category/navigation-structure/loans-grants/small-business-loans/sba-loan-programs/7a-loan-program/special-purpose-loans-program
? Microloan Program: Not-for-Profit-community based small business loans for short-term and long-term loans.
o Constraints:
 This loan can only be used as a source of working capital, and/or purchasing supplies needed for inventory.
 Borrowers are prohibited from purchasing real estate or paying off existing debt.
 Microloans will require collateral.
 Potential credit restrictions and/or obligations may apply depending on the lender.
o Maximum Loan Amount: $50,000.
o Resource
 http://www.sba.gov/content/microloan-program
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Solution Summary
Part I and II
Primary Sources of Funding:
Loans:
7(a) Loan Program
? CapLines
o Line of Credit:
 Standard Asset-Based Line-Revolving line of credit for recurring and short-term debts.
 Seasonal Line-Loans to finance inventory expenses and accounts receivable during short-fall periods.
 Small Asset-Based Line-This credit line offers the potential to obtain up to a $200,000 line of credit with initial fee requirements waived.
o Constraints:
 Regardless of whether or not the organization is successful, the organization is obligated to repay the line of credit.
 Line of credit may be difficult to obtain especially for new entrepreneurs.
 Credit restrictions may apply depending on the type of program you are using.
 May incur upfront charges and fees.
 Higher interest rates than a traditional loan or secured line of credit.
o Resource: http://www.sba.gov/category/navigation-structure/loans-grants/small-business-loans/sba-loan-programs/7a-loan-program/special-purpose-loans-program
? Microloan Program: Not-for-Profit-community based small business loans for short-term and long-term loans.
o Constraints:
 This loan can only be used as a source of working capital, and/or purchasing supplies needed for inventory.
 Borrowers are prohibited from purchasing real estate or paying off existing debt.
 Microloans will require collateral.
 Potential credit restrictions and/or obligations may apply depending on the lender.
Solution Preview
Part I and II
Primary Sources of Funding:
Loans:
7(a) Loan Program
? CapLines
o Line of Credit:
 Standard Asset-Based Line-Revolving line of credit for recurring and short-term debts.
 Seasonal Line-Loans to finance inventory expenses and accounts receivable during short-fall periods.
 Small Asset-Based Line-This credit line offers the potential to obtain up to a $200,000 line ...
Purchase this Solution
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