While there are a number of financing options available to franchises, one avenue that’s worth considering is the SBA 7(a) loan. In this blog post, we’ll take a closer look at the SBA 7(a) loan program, how it works, and how it can help you finance your franchise. What is an SBA 7(a) Loan? First,…
If you are an entrepreneur in the restaurant industry, then you need to be aware of all the financing options at your disposal. Among these alternatives, SBA 504 loans are one of the most convenient and effective. Let’s see why. Understanding SBA 504 Loans The 504 loan program is a type of loan that the…
Before applying for a commercial loan, it is important to understand whether business loans are secured or unsecured. In this blog post, we will discuss the difference between these two terms and help you determine which type of loan is best suited for your business. What Are Secured Business Loans? A secured business loan is…
If you are interested in 504 loans, knowing their structure is key. With that in mind, today we take a closer look at this popular type of SBA loan, including its characteristics, maturity terms, and structure. What Are 504 Loans? The 504 Loan Program is a long-term, fixed rate loan program offered by the Small…
When you consider financing alternatives, one of the main variables you need to assess is the term of the loan. So, if you are thinking about taking out an SBA loan, chances are good that you are asking yourself: “How long are SBA loans?” Well, you’ve come to the right place: read on to find…
Whether you are well on your way into starting a company or just considering it, you are probably asking yourself what’s the best loan for starting a business. Well, wonder no more, because this post was made for you. What’s the Best Loan for Starting a Business? As with many other things, the answer will…
As we have explained in previous posts, 504 loans were designed to purchase land, facilities, or long-term machinery. But can you use a 504 SBA loan for renovations? Keep reading to discover the answer. Can you Use a SBA 504 Commercial Loan for Renovations? The short answer is yes, you can use a 504 loan…
When looking for a financing alternative, you have to consider many factors. For example, are SBA loans public record? In today’s post we answer this question and offer some useful tips and facts about SBA loans. Are SBA Loans Public Record? Yes, the information about Small Business Administration (SBA) loans is a matter of public…
Any business owner has at least two alternatives when faced with an expense: business loans or credit cards. With that in mind, in today’s post, we go through the pros and cons of each alternative. Business Loans vs Business Credit Cards If you are wondering which is the best option between business loans and credit…
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:…
