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10 Reasons You Don’t Qualify for an SBA Disaster Loan

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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. Moreover, the collateral that you provide is split between the SBA and the bank.

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

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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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9 Steps to Handle Business Loan Rejection

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Don’t forget that many of these ratios have similar drivers, such as capital, sales on credit, accounts receivable, inventory, payment patterns, etc. Maybe you have a big promotion to spark new sales or offer a discount for paying on time. You can also ask your bank about SBA-backed borrowing. Explore other financing options.

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COVID-19 Strategy: How to Forecast Cash Flow in a Crisis

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You need to understand the impact of reduced sales on your cash, what your cash flow will look like in the next 3, 6, 12-months, and how you can impact your cash quickly. . On April 3, join Palo Alto Software CEO, Sabrina Parsons for this free cash flow forecasting webinar. These are tips you can use today.

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

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Look closely at your cash flow forecast so that you can spend accordingly. 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. Invest in minimal staff.

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How to Manage Cash Flow in a Crisis

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Acknowledging a continued decline in sales and the need to lower expenses is obvious. If you don’t already know your cash flow like the back of your hand, I suggest you read Cash Flow 101 , the difference between cash and profits , how to forecast cash flow , and how to understand your cash flow statement. .

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The Basics of Small Business Loans [WEBINAR]

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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?