Business Loans Blog Posts | Page 16

The 3 Types Of SBA Loans Business Owners Should Know About

Small businesses represent the American Dream. A successful small business doesn’t translate to success for just one person — small businesses fuel local economies and provide jobs. When small businesses have the chance to grow and thrive, everybody wins. And that’s why organizations like the Small Business Administration exist. The Small Business Administration, or SBA, […]

Read More
Feb 27, 2020 Filed under: Business Loans, Small Business
checking your credit scores

TransUnion VS Equifax VS Experian: A Guide To The Major Credit Reporting Bureaus

Credit bureaus arose to help lenders quickly gauge the reliability of a potential borrower. In the past, you could go to the good ol’ general store and the owner would know you, your character, and whether or not putting your items on “charge” (or on credit) was a good idea. That method may have worked in the past, when communities were small and isolated, but there had to be a better way moving forward. Thus credit bureaus were born.

Read More
Jan 31, 2024 Filed under: Business Loans, Small Business

The Ultimate Guide to SBA 504 Loans

Getting an SBA 504 loan can be a lengthy and difficult process. Borrowers must find a CDC and private lender willing to fund their loans, as well as meet the requirements of the SBA and lenders. This includes having enough revenue to repay the loan, a solid credit score, and an eligible project to be funded.

Read More
May 22, 2023 Filed under: Business Loans
sba disaster loans

What SBA Disaster Loans Are & How To Qualify For One

The SBA Economic Injury Disaster Loan Program (EIDL) provides financial assistance to both small businesses and private, nonprofit organizations that are located in a declared disaster area. Coverage depends on the amount of economic injury sustained. That includes things that don’t cause property damage, such as COVID-19, but still result in a massive loss of demand due to circumstances beyond your control or that interrupt your ability to conduct business.

Read More
Jun 27, 2023 Filed under: Business Loans

SBA Loans Explained

The SBA offers a variety of loan programs that vary according to business needs. Its flagship program is the 7(a) loan program, which offers loans for most general business purposes. However, it also offers special programs such as microloans and disaster loans. Find out more about SBA loans, including who qualifies.

Read More
May 4, 2023 Filed under: Business Loans
sba microloans

The Ultimate Guide To SBA Microloans

As a small business owner, you know the importance of financing to expand your business or start your next project. While there are many options available to provide you with the capital you need to start a new business or grow an existing business, one of the best options is a loan through the Small Business Administration.

Read More
Jun 5, 2023 Filed under: Business Loans