An SBA Loan is a Smart Choice for Your Business Partner Buyout
Until recently, obtaining financing for a business partner buyout has been very difficult. However, in April 2018 the Small Business Administration adjusted its business partner buyout financing rule, and now offers a loan program with partner buyouts in mind, which is benefitting all parties involved in the transaction. The new rule allows a partner to […]
5 Types of Business Loans That You Need to Know About
Are you a business owner looking for financial help to grow your business? If yes, then you are in the right place. Business loans are a great way to get the money you need to expand your business. However, there are many types of business loans available, so it is important to understand the differences […]
Everything you need to know about SBA Loan Fees
There’s a common misconception that the SBA lends directly to a small business owner. In fact, the loan is provided by a bank and the SBA provides the lender with a guarantee, meaning the SBA reimburses the lender for a portion of the loan in case of a default. It is that guarantee that allows […]
What You Need to Know about Collateral for a Business Loan
If you are considering applying for an SBA loan for your business, it is important to understand what collateral may be required. Collateral is defined as something of tangible value being pledged as security for a loan. It is used for business loan applications and can be forfeited in the case of default on your […]