SBA Loans and Benefits From business acquisition to start-up financing, to ground-up construction, and every stage in between, an SBA loan can be a smart way to finance a range of business endeavors. SBA loans are backed by the Small Business Administration (SBA), a government agency that...
Introduction to the SBA loan program Check out these resources to learn the basics about the types of SBA loans, what you can use them for, and how to apply. SBA disaster loan resources This, of course, is a category that business owners never hope to find themselves in. Unfortunately, c...
The article discusses issues concerning securing a loan from the Small Business Administration (SBA) in the U.S. The SBA does not itself lend money to small business, rather, businesses must apply for an SBA-backed loan throug...
Banks won’t take your word for it that you will be profitable and can pay the money back. They want evidence. 5. Choose a Lender Now that you know what qualifications you’ll need to bring to the table — and what loan product is best for your needs — you can start with the ...
How Will a Small Business Loan Help My Company? Advantages and disadvantages of SBA microloans Key Takeaways What is an SBA microloan? The Small Business Administration provides funding for the SBA Microloan Program, which are smaller-scale loans. Although loans can be up to $50,000 for qualif...
An SBA-backed loan offers fixed sums at a specific interest rate over an agreed repayment period and can be used to pay for a broad range of expenses. Source: SBA.gov Other SBA loans help small business owners make specific kinds of investments with loan proceeds, such as commercial real...
Microlenders make good choices for small business loans when you can’t land a loan because your business is too small. Microlenders typically lend short-term loans for an amount under $35,000. Nonprofits offer These loans, and the APR you’ll pay is generally higher than a traditi...
Auto Loan Calculator: Before you buy, it helps to run the numbers on how much you’ll pay each month on different loan amounts. That way, you can narrow your car search to vehicles that are within a comfortable price range. Auto Loan Refinancing – Learn How & When a New Loan Can Lo...
Also called arevolving line of credit, this type of payroll financing functions like a high-value credit card but comes with lower interest rates and fees. Businesses can withdraw as much as they want when they want from a loan facility up to the limit of their borrowing. You only pay int...
If you already have a business relationship with an SBA Express Lender, a new Express Bridge Loan Pilot Program offers a quick turnaround on up to $25,000 to help bridge the gap until your SBA Economic Injury Disaster Loan (EIDL) is approved. Bridge funds can be paid in full or in par...