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

Up and Running

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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SBA PPP Loans Aren’t for Everyone

VC Adventure

There’s a healthy debate going on right now at many VC firms about whether venture-backed companies should apply to the SBA’s Payroll Protection Program (The Information had a good article on this yesterday (paywall), and Albert Wenger from Union Square Ventures put up an excellent post on the subject here ).

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9 Steps to Handle Business Loan Rejection

Up and Running

Bankers use standard business ratios derived from your financials, including your Profit or Loss, ( Income Statement ), Balance Sheet , and Cash Flow Statement. You can also ask your bank about SBA-backed borrowing. The average SBA loan amount is $107,000. Assess your important financial ratios.

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5 Types of Loans to Help Investors Grow Their CRE Portfolios

ReadWriteStart

A construction loan can allow you to keep a manageable balance sheet during building development. One popular source is the Small Business Association (SBA). These SBA loans will go through a business lender such as a bank or credit union. The SBA offers a guarantee on the loan. Who offers construction loans?

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10 Things the Bank Will Ask When You Need a Business Loan

Up and Running

One exception to the rule is that the federal Small Business Administration (SBA) has programs that guarantee some portion of startup costs for new businesses so banks can lend them money with the government, reducing the banks’ risk. See Also The Complete Guide to SBA Loans. Collateral. Business plan.

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Tips for Writing a Successful Business Plan for a Daycare Center

Up and Running

Your financial projections should include forecasted income, expected enrollment growth, balance sheets, cash flow statements and projected/needed capital expenditures. That said, loans through the SBA can be standalone based on the viability of your business plan, so I recommend looking into them. Projected costs.