Archives
How Long Does It Take to Sanction an SBA Loan?
The exact time it takes to get the SBA loan application verified changes according to every case. One of the factors involved is the time of preparation of an extensively researched business plan or financials.
Choosing SBA Real Estate Loans
The Small Business Administration provides loan programs intended to encourage small business borrowing and entrepreneurship. The SBA does not provide loans by itself but provides guarantees on big proportions of loans handed out by approved lenders.
Church Financing and SBA Loan
There are many differences between traditional commercial loans and church financing products. Some traditional commercial real estate properties, such as owner-occupied ones, or mostly-owner-occupied ones, qualify for SBA loans.
Do SBA Loans Require a Credit Score Minimum?
SBA loans are funds provided to assist small business owners in their endeavors. Although these are intended to help these owners, there are strict eligibility criteria to fulfill before you can qualify for one.
Basic SBA Loan Requirements for the 7(a) Loan
Businesses of all ranges can acquire approval for SBA 7(a) loans. The Small Business Administration has released a list of those industries that are excluded, and these comprise the following.
Terms and Costs Involved in SBA Microloans
SBA Microloans are provided by the SBA to fund intermediary nonprofit lenders. They subsequently offer loans to small businesses and startups, usually run by women, veterans, or minorities.
The Advantages and Disadvantages of SBA Microloans
SBA Microloans offer a great source of funding to business owners who may have tried every other way to acquire it and failed. People looking for comparatively small amounts as loan can sometimes find it difficult obtaining traditional financing.
Small Business Administration Loan Programs
The Small Business Administration is a government agency within the United States which is responsible for offering assistance to small businesses. The SBAs functions in such a way that it does not offer direct loans to small businesses.
SBA Surety Bond Guarantee Program Requirements
SBA Surety Bond Guarantee Program provides a guarantee over a part of a surety bond, in order to get a participating surety for the issuance of the bond. The contract might not go through if there are no guarantees.
SBA Surety Bond Program
Small contracting companies usually face the problem that clients are afraid that the project will not be completed satisfactorily. In order to remove such fears, the contractor can offer a surety bond, which guarantees completion of work.
