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

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9 Steps to Handle Business Loan Rejection

Up and Running

If you don’t already know who the loan manager is, then do some research and find out. For example, I ran into one case in which the loan manager blamed a rejection on a lack of monthly financial projections for the next 5-years. Measures a company’s ability to manage and allocate resources. Dig into why your loan was denied.

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The 10 Best Sources of Cash to Start Your Business

Startup Professionals Musings

Just don’t quit your day job before your new company is producing revenue. If your company needs only a temporary or small infusion of cash, you should try for an SBA loan, or a bank line of credit. An example would be getting free office space by agreeing to be the property manager for the owner. Friends and family.

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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. You can always upgrade all of these items as your business starts to bring in revenue. Create a must-have list.

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4 Reasons Small Businesses Fail

YoungUpstarts

In many cases, the difference between failure and success is as simple as doing the following: setting manageable goals, planning for growth, investing in the right business tools, and understanding the common pitfalls that sink other businesses. What separates new businesses that flourish from those that close in disappointment?

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Most Startups Get No Professional Investor Cash

Startup Professionals Musings

Just don’t quit your day job before your new company is producing revenue. If your company needs only a temporary or small infusion of cash, you should try for an SBA loan, or a bank line of credit. An example would be getting free office space by agreeing to be the property manager for the owner. Friends and family.

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The 10 Best Sources of Cash to Start Your Business

Gust

Just don’t quit your day job before your new company is producing revenue. If your company needs only a temporary or small infusion of cash, you should try for an SBA loan, or a bank line of credit. An example would be getting free office space by agreeing to be the property manager for the owner. Friends and family.