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

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How to Get Funding for a Business

Up and Running

Most healthy businesses need business financing at some point. Startups have to deal with starting costs and ongoing businesses have to finance growth and working capital. Financing options depend on what kind of business you have. Don’t waste your time looking for the wrong kind of financing.

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The 5 Hidden Secrets Of Online Lenders

YoungUpstarts

The world of small business finance has dramatically transformed. Total loan costs can be misrepresented. APR enables borrowers to effectively compare the true cost of a loan as it includes all fees as well as the interest rate. Actively managing business credit can help you secure financing at better terms.

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Financing Your Business During COVID-19

Up and Running

Many small business financing options feel as though they have evaporated in the wake of the crisis caused by COVID-19. 2020 Will Be An Interesting Year For Small Business Financing. Many lenders today do not require a formal plan when you apply for financing. Look for Financing Where It Can Be Found.

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The Basics of Small Business Loans [WEBINAR]

Up and Running

Hopefully I’ll be able to add some value with some of the financing needs that your businesses may need. 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. I think that was perfect.

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

YoungUpstarts

You need to have a deep understanding of the local hotel market before you consider hotel financing or anything else. You can use BizBuySell.com to search for hotels for sale in your area and price range. Understand Startup Costs. SBA 7a Loans. SBA 7a loans can give you up to $5 million dollars on loan.

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What to Do When You Need a Disaster Loan

Up and Running

The process is approachable (I will go into more detail below) and has a relatively short turn around, but the SBA does have loan requirements for eligibility. In addition to assisting businesses in recovery, the SBA does provide home and personal property loans. Know your finances and keep backup records. It happens.

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