The SBA offers a variety of loan programs that vary according to business needs. Its flagship program is the 7(a) loan program, which offers loans for most general business purposes. However, it also offers special programs such as microloans and disaster loans. Find out more about SBA loans, including who qualifies.
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Aug 18, 2024
Filed under: Business Loans
As a small business owner, you know the importance of financing to expand your business or start your next project. While there are many options available to provide you with the capital you need to start a new business or grow an existing business, one of the best options is a loan through the Small Business Administration.
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Aug 18, 2024
Filed under: Business Loans
There are general requirements set by the SBA that all applicants must meet in order to receive a loan. There are also specific underwriting requirements by loan type that must be met.
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Aug 18, 2024
Filed under: Business Loans
If your business has outstanding invoices and slow-paying customers, you don’t have to be burdened with cash flow issues. Invoice factoring could be the solution to your problem. In this post, we’ll examine how invoice factoring works, whether it’s a good financial decision for your business, and how to choose the best invoice factor. The […]
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Businesses that need $500,000 or less should consider applying for the SBA Express loan. Loan approval is guaranteed within 36 hours, while approval for an SBA 7(a) loan may take several weeks. However, businesses that are willing to wait and need a larger loan should look into the 7(a) program.
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Aug 18, 2024
Filed under: Business Loans
Buying a business can be an exciting and rewarding venture, but getting a loan to finance this purchase is tricky if you don’t have spotless credit or an already-established business. Fortunately, alternative lenders have made it easier for aspiring entrepreneurs to secure non-standard business loans, SBA loans, and other types of financing.
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Aug 18, 2024
Filed under: Business Loans
Lenders like to know exactly how you plan on using the money they may potentially lend to you. If you’ve made successful investments in the past, like purchasing additional equipment that increased your sales revenue by 25%, and are planning on purchasing more equipment with the loan your applying for, be sure to tell your lender! It will demonstrate that you’re experienced in business and that you’re likely to increase your cash flow (which a lender hears as “we’re getting our money back”).
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Aug 23, 2023
Filed under: Business Loans
Looking for a line of credit? We have searched out and evaluated the best credit lines currently available to businesses of all sizes — from startups and incubator businesses to stable and established operations.
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Sep 18, 2024
Filed under: Business Loans, Small Business
With so many great options for a cash flow loan, it can be hard to know which is right for your business. Read this detailed post and know about the factors that will play a role in deciding which lender you should go after.
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Business loans from banks might not be fast, but they are often the lowest-cost options available to small businesses. Compare the best banks for small business loans, and learn about popular alternatives to bank loans, in this article.
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Jan 12, 2024
Filed under: Business Loans