SBA loans are available for small business owners needing help getting a conventional business loan. They have more relaxed requirements when it comes to repayment and eligibility. Business owners receive many benefits when working with the Small Business Administration. In addition to their funding, they receive counseling and valuable information on running a business successfully.Read more
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A personal guarantee is your commitment to repay your business loan if your company fails to meet its obligations. If you default on the loan, your personal property, home and other possessions can be seized and sold to pay back the money. Offering to sign a personal guarantee may provide you with better odds forRead more
As a small business owner, you recognize the importance of financing. Most businesses rely on financing to help support their operations until they can generate revenue. One of the primary ways to secure financing is through offering collateral. Collateral involves offering an asset to your lender that they will take possession of if you cannotRead more
Don’t feel disheartened if the bank rejects your business loan application. Instead, it would help if you analyzed the reasons for their rejection. In this blog, we will discuss the steps you should take to be better equipped the next time you submit your application to help improve the chances of your application being approved.Read more
One of the many ways to make money in business is to buy an existing company. To do that, you need some funding, which commonly involves a loan for a small business. Here’s what you need to know about pursuing a small business loan to acquire another company. What Do Lenders Consider When You ApplyRead more
Your business can benefit from taking out a commercial loan, whether to restock your inventory, purchase assets, or cover salaries. Not only can small business financing help sustain company operations during tough times, but it can also boost your cash flow and stimulate revenue growth. Common qualification requirements for a business loan in Santa BarbaraRead more
If you are looking for a way to start or expand your small business, you may have heard of SBA loans. SBA loans are loans that are guaranteed by the U.S. Small Business Administration, a federal agency that helps small businesses get access to capital, counseling, and contracting opportunities. SBA loans are not issued byRead more
