For many entrepreneurs, writing a business plan is one of the most daunting parts of applying for a business loan. With that in mind, today we take a closer look at SBA loan business plan requirements, including the structure of the two most common types of business plans. What Is a Business Plan? Simply put,…
Even if you have a brilliant business idea, funding is one of the trickiest aspects of starting a business. In this post, we discuss how to use SBA loans to start a business, and talk about other financing options you should keep in mind. Can SBA Loans Be Used To Start a Business? The answer…
If you’re looking to take out an SBA loan, one of the first things to do is to be aware of the requirements you have to meet. In today’s post, we discuss the requirements for the two most popular SBA lending programs: 504 loans and 7(a) loans. Keep reading to learn more. SBA Loan Requirements:…
While a business plan is not always required when applying for an SBA loan, having one is a smart way to show a lender that you have a solid grasp of how your business and your industry work. This post will provide some tips on how to prepare a business plan, along with some general…
No matter what industry you’re in, expanding or renovating your business often means purchasing a commercial property. Keep reading to learn more about commercial real estate loans, from a basic definition to the different types of loans you have at your disposal. What Is a Commercial Real Estate Loan? If what you want is a…
In today’s post, we give you all the information you need about real estate loans, from a basic definition to the options you have when it comes to purchasing commercial real estate. What Is a Commercial Real Estate Loan? As you may have guessed by the name itself, commercial real estate loans are loans geared…
According to the most recent data from the California Employment Development Department, there are more than 1.2 million firms in California. Of course, not all these businesses are the same. Some organizations are bigger than others. Some have an impeccable financial track record while others have a checkered credit history — or no credit history…
From SBA loans to conventional loans, making sense of the world of commercial loans can make your head spin. If you find yourself wondering which type of commercial loan makes sense for you, wonder no more—this quick guide will answer all your questions, and then some. When to Choose an SBA 504 Loan SBA loans…
A business plan is essential to steer your business in the right direction and achieve success. But do you need a business plan to apply for an SBA commercial loan? Keep reading to find out. What Is a Business Plan? First things first, so before delving into the details, let’s define what a business plan…
If you are considering business financing options, chances are good that SBA loans and conventional loans are at the top of your list. But what are the differences between these two types of loans and which is the option that works for you? Keep reading to find out. What Are SBA Loans? The most important…
