Remove Finance Remove SBA Remove Small Business
article thumbnail

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. Your business is brand new. Most banks will not issue traditional SBA loans to brand new businesses.

SBA 139
article thumbnail

Choosing the Best Financing for a Growing Small Business

The Startup Magazine

As a small business owner, you probably know that growth is both exciting and challenging. Whether you’re expanding your product line, hiring more employees, or moving into a larger space, these small business growth milestones often require additional capital.

Finance 116
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Right Ingredients: SBA Loan Prep Steps

YoungUpstarts

The small business sector is growing rapidly. And while corporate America has been “downsizing,” in recent years, the rate of small business start-ups has dramatically increased. Bureau of Labor and Statistics research, there are an estimated 28 million small businesses in the U.S.

SBA 154
article thumbnail

The SBA Needs To Get It’s Act Together On The PPP

VC Adventure

The SBA’s implementation of the Payroll Protection Program (PPP) has been a mess. The intention was to provide needed relief to businesses that were impacted economically by the COVID-19 crisis. The Paycheck Protection Program was established by the CARES Act to help small businesses keep paying their workers.

SBA 79
article thumbnail

Financing Your Business? Consider An SBA Loan

YoungUpstarts

by Tom Pretty, Head of SBA Lending at TD Bank. Small business is the backbone of the U.S. Small Business Administration (SBA) Office of Advocacy. This is possible, in part, because the SBA guarantees a portion of loans will be repaid, eliminating some of the lender’s risk. SBA Loan Programs.

SBA 150
article thumbnail

How to Build Credit 101 for Small Business Owners

Up and Running

Many businesses, both large and small, rely on borrowed capital to fuel growth and fund other business initiatives. This means small business owners need to understand how their credit impacts their ability to borrow more than the average consumer looking to purchase a house or buy a new car.

article thumbnail

5 Creative Ways To Finance Your Small Business When Revenue Is Low

The Startup Magazine

In a perfect world, small businesses would have an endless stream of revenue coming in and there wouldn’t be need to worry about financing. Sometimes businesses have to get creative when it comes to their small business financing, especially when revenue is low.

Finance 105