article thumbnail

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

Up and Running

Luckily, the SBA has created a separate COVID-19 Disaster Loan, with less stringent eligibility criteria and a streamlined application process to hopefully make more funds available for more businesses. . Most banks will not issue traditional SBA loans to brand new businesses. Your business is brand new. Poor cash flow.

SBA 139
article thumbnail

What Small Businesses Can Do To Survive And Thrive During The Pandemic

YoungUpstarts

If you own or manage a small business, there are still things you can do now to survive, and maybe even thrive, through these tough times and in the future. On their website, you can learn more about the Paycheck Protection Program or PPP, the EIDL Loan Advance, the SBA Express Bridge Loans, and the SBA Debt Relief.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Vital Tips For Small Businesses And Entrepreneurs During Covid-19  

YoungUpstarts

As individuals, we instinctively keep a running check in our heads about when our bills are due and when we have money coming in. Make a list of bills you owe each month ­­— it could be rent, payroll, utilities, inventory, software subscriptions, etc. Now it’s time to consider your small business in the same light.

article thumbnail

How to Write an Executive Summary

Up and Running

But, investors can’t do due diligence without a full business plan. Your executive summary is the key to having your business plan reviewed. But the full reading of the complete business plan comes only later in the process, after we’ve screened summaries down to a very few that are interesting enough to do due diligence.

article thumbnail

The Ultimate Guide to Starting a Software Company

Up and Running

Since the term “cloud computing” was coined in 1996—at least as we have come to understand its meaning—the software as a service industry has exploded. If you use software like LivePlan, you can create this initial “lean plan” in under an hour and then spend your time where it really matters—on validating your idea.

article thumbnail

How to Get the Most Out of Your Business Plan Writing Service

Up and Running

Some people simply don’t want the responsibility of managing other people—they’re going into business for themselves for other reasons, and they simply don’t have plans for the company to grow in the foreseeable future. SBA loans must adhere to a strict set of regulations, and an SBA-compliant business plan is a requirement.

article thumbnail

4 Startup Funding Challenges and How to Overcome Them

Up and Running

From jewelry to dog food to SaaS (software as a service) products, startups are popping up in virtually every field around the world, despite the risks. Use a billing software to record the sales and invest in a relationship with a tax professional only when needed. Small Business Administration (SBA) loans can be a good option.

SBA 84