article thumbnail

How to Get Funding for a Business

Up and Running

Startups have to deal with starting costs and ongoing businesses have to finance growth and working capital. Are you a startup or ongoing business? For example, many ongoing businesses have access to standard business loans from a traditional bank that would not be available to startups. I’ll have more on that later, too.

SBA 161
article thumbnail

From Finder’s Fees To Financing: Where To Start When You Want To Buy A Hotel

YoungUpstarts

Understand Startup Costs. SBA 7a Loans. SBA 7a loans can give you up to $5 million dollars on loan. SBA 504 Loans. SBA 504 loans have an upper limit of $20 million dollars. SBA 504 loans usually have a 10-20 years term. Finder’s Fee. The rates may be 5.755 or up to 7%. is the CDC cut.

Finance 127
Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Reasons You Might Not Qualify for an SBA Loan…and What to Do About It

Up and Running

Small Business Administration (SBA) are attractive for business owners because they offer a range of loan sizes, long repayment terms, and most importantly, low interest rates. See Also Bplans Small Business Loan Finder. So what’s not to like about SBA loans? See Also The Complete Guide to SBA Loans.

SBA 60
article thumbnail

Want to Know Your Chances of Securing a Loan? Use This Cheat Sheet

Up and Running

SBA loans are very much like traditional bank loans, except a portion of them is guaranteed by the SBA, which makes it easier for riskier borrowers to qualify. See Also: The Complete Guide to SBA Loans. Startup loans. Check out the Bplans Loan Finder. . Time in business should equal 2+ years. Medium-term loans.

article thumbnail

5 Signs Your Bank Is a Bad Fit

Up and Running

A startup may use incoming cash right away on essentials like inventory and then get hit with a fee for not having a high enough balance. Applying for an SBA loan? If your bank is not part of the SBA’s Preferred Lender Program, we suggest switching banks. See Also: Bplans Small Business Loan Finder. The bottom line.

Finder 60
article thumbnail

SCORE Member’s Inside Advice on Using SCORE

Up and Running

You can get local contact information at this SCORE location finder page. You can find out by using the SCORE location finder. Tags: entrepreneurship startup advice SBA SCORE. Contact your local SCORE chapter. SCORE includes more than 12,000 volunteer counselors in more than 300 locations.

Finder 65
article thumbnail

57 Resources to Help You Celebrate National Small Business Week 2016

Up and Running

At Bplans, we’re happy to participate in National Small Business Week by giving you access to the best resources and advice we have for small businesses and startups. The Complete Guide to SBA Loans: While the SBA offers a number of loan programs, broadly speaking they are divided into four main categories.