If you’re thinking about expanding your business, you’re probably considering financing. In this case, you also need to consider collateral to secure these loans. Banks and other lenders decide on interest rates, loan amounts, and other terms based on the amount and type of collateral you have to offer them. What is Collateral? Collateral is […]
Everything You Need to Know About Collateral For A Business Loan Read More »
The Small Business Administration (SBA) was established in 1953 and offers a number of tools to help small business owners, including their loan guarantee program. It’s not the biggest source of small business financing out there, but the SBA sets a tone that influences how participating financial institutions look at small businesses. How The SBA
Small Business Loans: The SBA Loan Guarantee Program Read More »
If you’ve ever wondered what you can use your SBA loan for, the answer depends on which loan type you have. The SBA offers several different loan programs, each of which has its own eligibility requirements. Whether you’re trying to determine which one to apply for or want to know the details of an existing
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Small Business Administration (SBA) loans are some of the most desirable and sought-after financing options available for small business owners. SBA loans are known for affordable interest rates and generous repayment terms that can help small businesses grow and reach their financial goals. At the same time, SBA loans are also somewhat notorious for featuring tedious application
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According to the U.S. Small Business Administration (SBA), small businesses account for 99.7% of all businesses in the U.S. But what exactly is a small business? Below, we’ll dive deeper into the SBA’s definition of a small business, so you can determine whether you meet SBA loan requirements and qualify for certain benefits. SBA Small Business Definition
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For many small business owners and start-up entrepreneurs, the idea of an angel investor seems nearly divine – it’s right there in the name. Angel investors offer financial backing for infant businesses, many of which have a hard time finding funding from traditional sources. The money an angel investor provides can be the difference between
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When it comes to small business loans, the US Small Business Administration (SBA) isn’t just a federal agency. It’s an institution. For example, in 2017 the SBA helped connect entrepreneurs with 68,000 loans through the 7(a) and 504 loan programs alone. These 2 programs provided a total of $30 billion to American small businesses. Overall, funding is up for
SBA Loan Qualifications: How to Meet the Requirements Read More »
In order to understand what makes small business grants so special, let’s first look at other popular methods for funding your business. Most entrepreneurs begin by investing a substantial portion of their own money into the business. Nobody likes watching their savings account dwindle, but you’ve got to start somewhere. And using your personal funds is
Small Business Grants – Guide on How & Where to Find Free Money Read More »
Researching how to get a government loan to start a business? Or have you heard that government business loans have some of the best rates? Government business loans come with competitive rates, and some can even be used to cover startup costs. In fact, a government business startup loan may be the capital solution you’ve
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If you’re ready to get your business up and running, you may be wondering how to fund it. The good news is that there are a variety of options at your disposal. By becoming familiar with what they are, you can weigh the pros and cons of each one and make the most informed decision
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