by Small business loans can be used for a variety of purposes. For example, a business loan can help you buy a business, start a new business, and expand your business. You will deal directly with the banks loan officers but make no mistake major small business loans are reviewed by loan committees. [...]
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New Commercial Business Loans from the Small Business Administration (SBA)
If you are seeking a loan guarantee from the SBA, there are other aspects of the SBA 7(a) Loan Program you should know about.
You should be aware of the general terms and condition to expect if SBA is involved in the financial assistance. While the [...]
In this podcast…
MP3 File
SBA Loan Application Precedures
The Basic Loan Application
Getting Help with your Loan Application
Tips working with lenders
Score Link http://www.sba.gov/gopher/Local-Information/Service-Corps-Of-Retired-Executives
SBDC Link
http://www.sba.gov/gopher/Local-Information/Small-Business-Development-Centers
Self Help link to the Business Plan Coach
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email: gregbd@gmail.com
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Loan vs. Selling Equity? It depends on a number of factors.
Selling equity in your business, as a way to raise funds, is very expensive. You are giving up a percentage (%) of your business forever.
Whereas, getting a loan is cheaper. You keep full equity and pay the interest costs.
I went through this issue. Let me [...]
A line of credit is a flexible lending instrument secured by assets.
As an example, you are approved for a ceiling of say $100,000. It allows you to run up a $100,000 “over draft” in your operating or corporate checking account. Then, when you make your bank deposit the line of credit is repaid.
This provides a [...]
