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…
You may know that, in general, SBA loans are a convenient financing tool for entrepreneurs. But can SBA loans be used to purchase commercial real estate? The answer is yes, and today we show you what are your options and how to get started on an SBA loan. What Are SBA Loans? The defining feature…
The lending landscape in 2024 is expected to see a focus on several key compliance trends. Let’s review some of the most important. Increased Focus on Beneficial Ownership: Authorities are intensifying efforts to identify the true owners (beneficial owners) behind companies and accounts. Expect stricter rules and enhanced Customer Due Diligence (CDD) to uncover beneficial…
Starting a business is a thrilling venture that promises new challenges and rewards. However, the path to entrepreneurship is paved with critical steps that can determine the future success of your endeavor. From ideation to the launch, there are several pivotal actions you must undertake to lay a solid foundation for your business. Here are…
For medium-sized businesses looking to expand operations, purchase new equipment, or increase working capital, securing an SBA (Small Business Administration) loan can be a viable financing option. The SBA provides a variety of loan programs that are designed to support the growth and stability of small and medium-sized businesses. However, navigating the SBA loan process…
Construction companies often experience challenges when it comes to financing their projects. Fortunately, there are now powerful tools available in the form of SBA loans. In this blog post, we explain the basics of SBA loans and why they are an excellent solution for construction companies. Construction Companies and Business Loans While every construction company…
The two most common types of business loans are fixed-rate and variable-rate loans. As a business owner, it’s crucial to understand the differences between these two loan types so you can make an informed decision. In this blog post, we’ll discuss the pros and cons of each type and provide information that can help you…
Purchasing land is an essential part of many business ventures. With that in mind, in today’s blog post, we dive into the details of what you need to know about using an SBA 504 loan to buy land. Can You Use an SBA 504 Loan To Buy Land? Yes, you can use an SBA 504…
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…
