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How to Write an SBA Business Plan — SBA Template and Checklist

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Applying for an SBA loan for your business requires preparation. For most SBA loans, you’ll need to put together a business plan—one that shows how funds will be used and how the business will repay the loan over time. Here’s what you need to know about SBA business plans and how you can maximize your chances for approval.

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4 Startup Funding Challenges and How to Overcome Them

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Your business plan also needs to have a realistic financial forecast. You should forecast the expected cost the investment or loan will cover, and the returns it will generate in future. You may also be able to apply for government-subsidized bank loans or soft loans.

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The Basics of Small Business Loans [WEBINAR]

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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 Manage Cash Flow in a Crisis

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If you don’t already know your cash flow like the back of your hand, I suggest you read Cash Flow 101 , the difference between cash and profits , how to forecast cash flow , and how to understand your cash flow statement. . If you don’t currently have a forecast, that’s OK. Before we get into crisis mode, review the fundamentals.

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Practical Market Research Resources for Entrepreneurs

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Government information. Federal, state and local government reports. Small Business Administration – SBA. They do that by publishing as much industry-specific information as they can find, including statistics, forecasts, and industry profiles. Much of it is entirely free. Trade associations. Bureau of Census.

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Tips for Writing a Successful Business Plan for a Daycare Center

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Will you offer discounts, or accept government-subsidized or reduced payments from lower-income parents? Your financial projections should include forecasted income, expected enrollment growth, balance sheets, cash flow statements and projected/needed capital expenditures. If you buy a business, an SBA loan can also be a possibility.

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The Importance of Burn Rate and Cash Runway

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This is where forecasting and budgeting are crucial for the survival of your business. You’ll need to create multiple sales forecasts and expense budgets to explore different scenarios. Help is available with government-backed loans. First, take a look at the SBA Economic Injury Disaster Loans (EIDL).

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