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SBA Loans Tagged Articles
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SBA Guarantee Fee Explained
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| The following is a short description of how the SBA Guarantee Fee is calculated. We are all hopeful that the fee will be waived for 2010 as proposed in the Senate Small Business Committee appraved draft, but if not this is the calculation |
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The Various Roles, Banker, Broker and BDO
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| Each of the above can and will help you to solve your financing needs. All of the three are very distinct and have various roles in the approval of your SBA or business loan. By understanding the individual role of each of teh different financing sources you are best ablet to choose who will best meet your needs. All of this is further ecplained in my book GET Your Loan Closed! |
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Franchise Financing, various options are available to you!
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| There are certain lenders that all they do are franchise financing, and we work very closely with them. But here's the rub; according to business brokers we work with as well as Franchisors, franchises are just not selling in this economy. The reason lack of financing.
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SBA Loans - What Qualifies as a Small Business
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| I wanted to address what qualifies as a Small Business under the SBA guideline. As new rules and regulations are adopted for SBA Loans, the key point of what qualifies as a small business is always being addressed and updated. |
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Borrowers struggle to resuscitate their overburdened properties
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| More than $400M in mezzanine and other alternative debt have been issued in the U.S. so far this year, a dramatic increase over the approximately $210M that was issued in 2009. |
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Equity Investors Turn to Development Opportunities
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| But some of that pent-up equity waiting on the sidelines may re-adjust its expectations in the second half by shifting away from acquisitions and to new development in high-barrier markets. Many institutional partners are having trouble sourcing higher return acquisition opportunities, especially in high-barrier markets, and as a result, they’re turning back toward development. |
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Joint Venture Equity
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| Since institutional equity providers prefer larger deals, developers looking for $3 million in equity, for example, have a hard time getting their attention. But if an organization has the capacity to do seven deals a year, for instance, then the amount of equity inches up in the aggregate of $20 million to $30 million over 12 months, and it hits the threshold where it makes sense. |
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Collateral Damage in Lending
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| According to one of the nation's largest small-business lenders, basic underwriting standards haven't changed: Cash flow must be sufficient to support the loan, and there must be a secondary source of repayment. That collateral was typically a combination of accounts receivables, inventory, real estate, equipment, and other business or personal assets.
But since real-estate and equipment values have plummeted, business owners who may have landed loans in the past are now falling short of having sufficient assets. Cash can make up the difference.
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How Obama's tax credit helps/hurts IT spending
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| Do you hold off on IT spending until Congress acts on the credit? Among the proposals President Barack Obama made this week to boost the U.S. economy is one that will allow businesses to write off all of the investment they do in 2011. But there's a lot of uncertainty ahead for IT managers interested in this tax break.
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Funding for Small Businesses
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| While big banks refuse to loosen their grip on credit, one business consulting firm wants small businesses to know the news is not all bad. In fact, by working with smaller business banks, may provide funding for new and established small businesses in spite of the deepening recession. |
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Business funding sources for today's business owner...
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| Yes and no. Yes if you have a strong personal credit score. No if you are typically under a personal fico score of 720. The banking industry has significantly tightened the credit requirements recently in the last 12 months. If you do maintain a strong credit score then you are in luck. |
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Are SBA Loan Limits Good for Small Businesses?
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| Last March, the Small Business Administration (SBA) assigned a limit on the agreement it was offering on "goodwill" financing, limiting them to $250,000 or 50% of the total amount of SBA loan, whichever amount was lower. "Goodwill" financing is an essential part of the SBA loan designed to obtain the intangible assets for any existing business. The limits mentioned beforehand were set to avoid the inflation of the intangible assets' value. |
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The Economic Stimulus Package Can Help YOUR Business
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| Taking Obama’s strategy to the next level is encouraging the “risk takers” to step up. They are the entrepreneurs and small businesses. Entrepreneurs and small business owners are agile, hungry for success and quick on our feet, unlike our cousins the large companies, who are busy circling their wagons, laying people off and retrenching.
I cannot emphasize enough how important a time this is for us all in our businesses. It is during these economic downturns that businesses and markets reinvent themselves and evolve the markets and economy on to greater heights.
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SBA Loan Program Basic
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| All SBA loan programs lend to small businesses unable to secure financing on reasonable terms through normal lending channels. The loan programs are operated through private-sector lenders that provide loans which are, in turn, guaranteed by the SBA. Keep in mind that the SBA has no funds for direct lending or grants. Most private lenders (banks, credit unions, etc.) are familiar with SBA loan programs so you should contact your local lender for further information and assistance in the SBA loan application process.
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Pros and cons of franchise ownership
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| There are various pros and cons of franchise ownerships. While it’s true that starting a franchise is better than setting up a stand-alone business; it’s equally true that franchise business has its limitations. So, compare both the sides before you start looking for different franchise business for sale offers.
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Ways to Obtain Financing to Buy a Franchise
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| Getting the required financing is the first step towards starting a franchise. Some traditional methods are getting financing from one’s own savings, asking for loans from friends, going for bank or SBA loans and one unconventional way is to go for loans from credit-cards. |
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Buy or Start a Home-Based Business?
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| When it comes to starting a home-based business from scratch, the unknowns can be daunting. One alternative you might consider is to buy an existing business. |
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