There is a development that hasn’t been widely publicized but should grab the attention of every business owner: This is the best time to get an SBA business loan. Here’s the bottom line: with the new stimulus bill, if you get a new 7(a) or 504 loan before September 30, 2021, then the first six…
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…
The process of taking out a loan begins before you meet with a lender. Preparation is key to make the process as smooth and efficient as possible. Here are three steps you can take to lay a solid groundwork if you are preparing for an SBA loan. Ask Yourself the Right Questions Begin by making…
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…
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…
