While the main focus of our discussions was on SBA 7a loans, there are a number of other types of loans guaranteed by the Small Business Administration. These include the SBA 504 loan program, the Microloan program (which has some overlapping functions in loans SBA 7a) and disaster assistance loans programa.Ang foremost ensure the program [...]

The SBA business loan is a debt instrument given to you by a credit institution which is guaranteed by the U.S. government through the Small Business Administration. Many entrepreneurs mistakenly believe it is the federal government provides loans. This is not the case. With the SBA loans, mainly the government acts as your cosigner for [...]

The primary difference between a Business LOC and a business loan is that with a credit line you can draw down the principal as needed rather than taking on a debt obligation as one lump sum. You only pay interest on the portion of the credit line that you have drawn down. Additionally, with a [...]

One of easier ways of becoming an entrepreneur is to acquire a business that has already been established by someone else. The risks related to acquiring a business are significantly lower than starting a business from scratch. Established businesses already have customers, an operating history, and hopefully profits as well. Additionally, obtaining a business loan [...]

In addition to filling out the 7a SBA loan application, you will also be required to present your lender with a business plan that explains what you intend to do with the loan funds, the anticipated financial results of your business, and what service/product your company offers. According to SBA lending professionals and experts, your [...]

You may be aware of this, but there a number of firms that can actively assist you as you looking for business loan. These firms are commonly known as loan brokerages. They work in a very similar capacity to that of a mortgage brokerage firm but with a specific focus on business loans. However, before [...]