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Three Reasons to Finance a Small Business
Your business is likely to be in a better position if you are functioning with positive net working capital.
What if you Do Not Want to Personally Guarantee an SBA Loan?
If you decide to guarantee a loan personally, the responsibility of paying back that loan is confined to you. This will hold true even if your business does not prosper.
What if you Do Not Have Enough Collateral for an SBA Loan?
After the recent economic setbacks in the country, banks are particularly cautious about lending money considering the risks involved.
What Credit Score Do I Need to Qualify for an SBA Loan?
The title of this post is one of the frequently asked questions about SBA loan requirements credit score.
SBA Loan Requirement with Regards to Business Plan
A business plan sets out a company’s future goals and strategies and the ways it envisions itself achieving those. It is also one of the more significant SBA loan requirements.
What a Potential Real Estate Borrower Will Need for a SBA 7(a) Loan?
If you did not know already, it is possible to use SBA 7(a) loan funds for new equipment purchase, working capital, and real estate purchases.
Revenue-Based Financing versus Traditional SBA Loans
An SBA-backed loan is one of the common financing solutions for small businesses in the US.
Kinds of Subcontractor Business Financing
Subcontractors often find themselves in need of cash for their working capital purposes – particularly to help finance payroll.
How to Apply for an SBA 7(a) Loan?
The SBA 7(a) loan can be used for real estate purchases, working capital, or equipment purchases. To apply for one, you will have to fill out a web form which describes your enterprise and its requirements.
Advantages and Disadvantages of SBA Loans for Real Estate
The SBA has many options for eligible business owners needing money for real estate. Among the many kinds of SBA loans, 504 and 7(a) products are the most viable ones for backing up your real estate purchases.
