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About SBA Owner-Operator Startup Business Loans
Are you a small business owner? If you are, then here is what you need to know about an SBA loan: it is one that is being guaranteed by the Small Business Administration.
Using an SBA-Guaranteed Loan to Fund a Business Acquisition
It is possible to obtain capital to finance an acquisition from a wide range of sources. A commonly used one is an SBA loan.
Reasons Why Peer-to-Peer Lending Is Perfect for Small Businesses
While peer-to-peer lending started with the basic thought of linking individual borrowers with lenders, lately several variations of it have become popular.
How You Can Use a Small Business Acquisition Loan?
If you are planning to acquire another business or launch a new franchise, then you may need to have some additional funds to help facilitate that.
How Co-Signing for a Small Business Loan Works
A co-signer is a party who guarantees that a business loan will be repaid, should the borrower default. A business owner who is looking for a loan for his or her startup has to search for a potential co-signer and be ready to present them when asked by the lending company.
Differences between SBA-Guaranteed and USDA-Guaranteed Loans
SBA guaranteed loans and USDA guaranteed loans have their similarities and differences in many aspects. The main similarity between the two is that they are both guaranteed by the respective US government agency or department.
How Hard Is It to Get an SBA Loan?
SBA loan products are provided to make low-interest business funds easily available to small business owners. Do not be surprised, however, to find that you still have to meet a decent amount of specifications to qualify for one.
Different Types of SBA Startup Loans
Creating a startup canbe a long and expensive process. It can sometimes get difficult to cover all the costs on your own. Therefore, it is best to use the financing options from different sources like business lines of credit, bank loans, or business credit cards. However, it is a better option to go in for an SBA startup loan.
Finding SBA Startup Loans
Founders of startups require capital for a host of activities which contribute to organizational growth. There are usually many financing options at their disposal, however, there is one other way to fund your startup—through an SBA startup loan.
Things to Know about SBA Loan Down Payments
Regardless of the need of your business, such as the renovation of a structure, buying real estate, or purchasing a new business, the Small Business Administration is a great source to obtain funds. SBA loans are among those that come with the lowest rates.
