BLOG
How to Apply for an SBA Loan and Increase Your Approval Chances
To improve your chances of approval, it's essential to meet all eligibility requirements, which include: Business Size Standards, Credit Score, Business Type, Owner’s Investment, Collateral, Use of Funds
What Are SBA Loans? A Comprehensive Guide
An SBA loan is a federally backed small business loan administered through a separate lending institution with support from the SBA. The SBA does not directly lend money to businesses; instead, it guarantees a portion of the loan, typically between 50% and 85%, to reduce the risk for lenders
How to Write a Business Plan for a Loan: A Comprehensive Guide
Securing a loan for your business can be a daunting task, but a well-crafted business plan can significantly increase your chances of success. A business plan for a loan serves as a roadmap for your business's future and provides lenders with the confidence they need to invest in your venture.