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

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The Right Ingredients: SBA Loan Prep Steps

YoungUpstarts

The small business sector is growing rapidly. And while corporate America has been “downsizing,” in recent years, the rate of small business start-ups has dramatically increased. Bureau of Labor and Statistics research, there are an estimated 28 million small businesses in the U.S.

SBA 154
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The SBA Needs To Get It’s Act Together On The PPP

VC Adventure

The SBA’s implementation of the Payroll Protection Program (PPP) has been a mess. The intention was to provide needed relief to businesses that were impacted economically by the COVID-19 crisis. The Paycheck Protection Program was established by the CARES Act to help small businesses keep paying their workers.

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5 Creative Ways To Finance Your Small Business When Revenue Is Low

The Startup Magazine

In a perfect world, small businesses would have an endless stream of revenue coming in and there wouldn’t be need to worry about financing. Sometimes businesses have to get creative when it comes to their small business financing, especially when revenue is low.

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9 Steps to Handle Business Loan Rejection

Up and Running

On the other hand, some of these are not easily fixable so you’ll have to look for alternative solutions to your financing problems. Banks compete for small business customers and sometimes a borderline case can get approval from a different bank. You can also ask your bank about SBA-backed borrowing. Get a co-signer.

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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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4 Reasons Small Businesses Fail

YoungUpstarts

Most entrepreneurs start a new business with dreams of success, but the unfortunate fact is that too many of them fail. Census Bureau showed the reality in hard terms – 400,000 small businesses opened and 470,000 SMBs closed their doors just last year. Small Business Administration. LendingClub Inc. ,