Business owners looking to take out an SBA loan must do their due diligence, including determining whether they are required to provide a personal guarantee. Keep reading to learn more about this important topic and get deeper insight into the SBA lending process. What Is a Personal Guarantee? First, let’s define what a personal guarantee…
If you are a business owner, you probably have heard about Small Business Administration (SBA) loans and their benefits. But are they hard to get? In today’s blog post, we answer this question and offer some useful business financing tips. What Are SBA Loans? SBA loans are loans that are partially guaranteed by the Small…
Starting your own business is an exciting journey, but it can also be a challenging process. There are a lot of things you need to consider before venturing into entrepreneurship . With that in mind, we have compiled some essential tips to help guide you through the process and set you up for success. 1.…
Each year, thousands of American business owners turn to the SBA for business financing. However, not all loans offered through this agency are the same. So, what are the most popular SBA loans? What Are the Most Popular SBA Loans? The Small Business Association (SBA) offers a vast array of financing alternatives, ranging from microloans…
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,…
Purchasing an existing business is a smart way to give yourself a head start as you look for greater financial success. But what type of loan do you need if you want to purchase an existing business? Keep reading to find out. What Type of Loan Do I Need if I Want to Purchase an…
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:…
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…
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…
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…
