Thanks to a slowing economy, SBA loans have been growing in popularity. So much so The Daily Herald had a Featured article about them in the March 19th, 2023 Sunday Business Section.
www.dailyherald.com/business/20230319/thanks-to-a-slowing-economy-sba-loans-have-been-growing-in-popularity
No matter what, you need to talk with someone, an expert that helps business owners daily! We advise you to talk with one of the contact at the bottom of this Matching Ideas with Resources Blog.
Typical Situation: Our client is looking to expand their business or perhaps make a business acquisition. They might be looking to purchase equipment, inventory, or real estate. Maybe they also need working capital to expand. We are primarily looking to lend to businesses in underserved areas to create quality jobs
When you hear a business owner say:
• “I would like to expand but I my bank won’t lend the full amount I need”
• “I just got declined for a loan from my bank to buy R/E, equipment, inventory, working capital”
• “I want to buy out my partner (or purchase a business) but can’t get financing”
• “My bank approved the equipment loan but they only gave me a 24 month term, I’m afraid of a payment that large.”
SBA (Small Business Administration) Bankers serve as a trusted banking solution. They Make $1MM-$5MM loans to small businesses.
How they Work: They use Government loan programs, to businesses that meet SBA guidelines. They are able to do this by treating the building acquisition as simply an extension of their existing business, rather than a new acquisition.
Matching Ideas with Resources:
www.dailyherald.com/business/20230319/thanks-to-a-slowing-economy-sba-loans-have-been-growing-in-popularity
No matter what, you need to talk with someone, an expert that helps business owners daily! We advise you to talk with one of the contact at the bottom of this Matching Ideas with Resources Blog.
Typical Situation: Our client is looking to expand their business or perhaps make a business acquisition. They might be looking to purchase equipment, inventory, or real estate. Maybe they also need working capital to expand. We are primarily looking to lend to businesses in underserved areas to create quality jobs
When you hear a business owner say:
• “I would like to expand but I my bank won’t lend the full amount I need”
• “I just got declined for a loan from my bank to buy R/E, equipment, inventory, working capital”
• “I want to buy out my partner (or purchase a business) but can’t get financing”
• “My bank approved the equipment loan but they only gave me a 24 month term, I’m afraid of a payment that large.”
SBA (Small Business Administration) Bankers serve as a trusted banking solution. They Make $1MM-$5MM loans to small businesses.
How they Work: They use Government loan programs, to businesses that meet SBA guidelines. They are able to do this by treating the building acquisition as simply an extension of their existing business, rather than a new acquisition.
Matching Ideas with Resources:
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