Small Business Blog Posts | Page 17

What Is Collateral For Small Business Loans?

Collateral is an asset used to secure a loan and ensure that the lender gets paid. The asset used as collateral is something of value that shows a lender that you’re prepared to pay off your loan. In the event that you are unable to make your loan payments, the lender can seize your collateral and sell it to cover the remainder of your loan.

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May 30, 2023 Filed under: Business Loans, Small Business

How To Apply For An SBA Loan: A Complete Guide

If you have questions about completing your loan application, you can always ask your SBA-approved lender. If you haven’t yet found a lender to work with, SCORE is a great resource. This nonprofit organization provides resources and services including free business mentors that can help you through every step of the process.

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May 2, 2023 Filed under: Business Loans, Small Business

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, […]

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Feb 27, 2020 Filed under: Business Loans, Small Business