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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. We sent the following email to all the CEOs in our portfolio last Friday. The post Thoughts For VC Backed Companies Considering SBA/PPP Loans appeared first on Feld Thoughts.

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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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The Basics of Small Business Loans [WEBINAR]

Up and Running

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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8 Key Ingredients to a Profitable Consulting Business

Startup Professionals Musings

Yet, according to statistics from the Small Business Association (SBA), over half of new businesses offer something else - personal professional services, including consulting, business coaching, and advisory services. They match individual customer preferences, whether it be voice, email, texting, or social media, to close deals.

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

Up and Running

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. If you aren’t able to put money away, look into the different SBA loans that can be used as a financial backup to keep you afloat.

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Episode 1: Business Loans, Website Tips, and the Apple Watch – The Bcast

Up and Running

Send us an email: Bcast@Bplans.com. I think that’s the starting point for most businesses is that things like the bank lending space, the what is the SBA and how are they here to help me? Why shouldn’t you be afraid of walking in and trying to get a bank loan or an SBA loan? Some banks house SBA loans.

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Do you even need a business coach?

Berkonomics

Another is through industry associations or civic groups such as Rotary or Lions Club or even SCORE, sponsored by the US Small Business Association (SBA). Some charge by the hour, making themself available much as an attorney, keeping track of hours spent on phone calls and emails with you. Where can you find the best coaches?

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