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

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Luckily, the SBA has created a separate COVID-19 Disaster Loan, with less stringent eligibility criteria and a streamlined application process to hopefully make more funds available for more businesses. . Most banks will not issue traditional SBA loans to brand new businesses. Your business is brand new.

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

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Look closely at your cash flow forecast so that you can spend accordingly. 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. Create a must-have list.

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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. Small Business Administration (SBA) loans can be a good option. The projected statistics, facts, and figures must have a justification.

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

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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.

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Tips for Writing a Successful Business Plan for a Daycare Center

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Your financial projections should include forecasted income, expected enrollment growth, balance sheets, cash flow statements and projected/needed capital expenditures. You should see profits start kicking in after an initial period of six to 12 months of operation. If you buy a business, an SBA loan can also be a possibility.

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Do You Know How Your Business Is Doing and Where It’s Going?

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Many business owners fail to see the value of regular planning and forecasting, and it hurts their businesses because they haven’t planned for potential challenges and don’t have any kind of strategy for dealing with them. The same is true for opportunities. Do you work on your business, or in our business? Accounts receivable aging.

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