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10 Reasons You Don’t Qualify for an SBA Disaster Loan

Up and Running

Maintaining your business through the coronavirus crisis has likely led you to cut costs, revise your sales projections, and potentially seek out a loan to help you stay afloat. Most banks will not issue traditional SBA loans to brand new businesses. If your business has only been operational for a few months you do have options.

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The 5 Hidden Secrets Of Online Lenders

YoungUpstarts

Total loan costs can be misrepresented. APR enables borrowers to effectively compare the true cost of a loan as it includes all fees as well as the interest rate. In addition to APR, small businesses may want to use the “loan constant” to compare the true cost of different loan products. Instead, look to get an SBA loan.

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Tips for Writing a Successful Business Plan for a Daycare Center

Up and Running

Another thing to watch out for with monthly rent is all the added costs. so keep these all in mind when calculating the costs. Projected costs. Construction cost. Staff appreciation day costs. Software costs. Supply costs. Training costs. Utilities costs. Marketing costs.

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The Basics of Small Business Loans [WEBINAR]

Up and Running

As I’ve been working in this industry, as Sabrina started out said, I was the Chief Marketing officer of CAN Capital which is a big alternative lender and now I’m the Vice President of SmartBiz SBA Loans. The third here for startups is the SBA. The SBA will provide loans to new businesses. Who might qualify for an SBA 7A loan?

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How to Start a Brewery: Growing Your Own Craft Beer Business

Up and Running

Backed by a team of private local investors , ColdFire gained access to additional capital through an SBA loan. While Dan heads up operations, his brother Stephen is head brewer, and their team also includes directors of finance and brand, respectively. The ColdFire Brewing team meets to plan marketing. Watch your finances.

Oregon 24
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Thoughts For VC Backed Companies Considering SBA/PPP Loans

Feld Thoughts

My partner Seth Levine recently put up an extremely thoughtful post titled SBA PPP Loans Aren’t for Everyone. However, the reality is that receiving a loan for your business means it isn’t going to another business that might also deserve the money so receiving a SBA loan does come at a cost to the broader small business community.

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You’ve Got Funding: 5 Things to Do With the Money Right Away

Up and Running

According to 2016 statistics published by the Small Business Administration (SBA) , only about 78 percent of small business startups survive the first year, and only half make it to the five year point. Expensive printing costs. Look closely at your cash flow forecast so that you can spend accordingly. Fancy office space and furniture.

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