SBA loans are a popular and effective alternative for small businesses to get the capital they need to achieve their goals. Today we take a closer look at a common question about SBA loans: who qualifies for SBA loans? Keep reading to learn more. Who Qualifies for SBA Loans? The vast majority of small businesses…
Looking to apply for an SBA loan? Here are three easy tips to simplify the process and keep your stress levels to a minimum. Taking out a business loan can seem like a complicated process but don’t worry — a few helpful pointers can make a big difference and put you one step ahead of…
While SBA loans are a powerful financing alternative for business owners, they can also be confusing to the uninitiated. If you are new to the world of SBA loans, don’t worry. This essential glossary will help you make sense of it all. 7(a) Loans This is SBA’s most common loan program and the best alternative…
When it comes to loans, business loans and personal loans are two of the most common. But what are the differences between them? What are personal loans used for? Keep reading to discover the answers. What Is a Business Loan? Simply put, a business loan is a loan intended for business purposes. Needless to say,…
A business loan is a key component in the strategy of any business, regardless of its size or scope. Here’s everything you need to know about business loans, from a basic definition to the best options in business loans depending on what you need the capital for. What Is a Business Loan? A business loan…
Interested in taking out a business loan? Get a jump on the lending process with these nine essential financing terms. Collateral This is the asset or assets that a borrower (see below) pledges as a backup when they take out a loan. In the case of loans that involve a substantial amount of money, real…
7(a) loans are one of the most popular programs through which the Small Business Administration (SBA) helps small business owners in the United States. Keep reading to learn more about 7(a) loans: what they are, what are the differences compared to other SBA financing programs, and the conditions a business must meet in order to…
Financing is key to any business, but funds are not always easy to come by. Fortunately, small business owners have an ace up their sleeve: SBA loans, a convenient and flexible financing solution that makes it easy for you to maintain or grow your business. Keep reading to learn more about SBA loans: What they…
