Why SBA Loans Don’t Have Financial Covenants (And Why That Matters to Borrowers) One of the most overlooked advantages of SBA financing—especially the SBA 7a loan program—is something most borrowers never think to ask about: SBA loans typically … [Continue reading] about Why SBA Loans Don’t Have Financial Covenants
The maximum SBA 7a loan amount could be anything from $5 million to $9 million. The maximum SBA 504 loan amount could be anything from $11 million to $30+ million. Both of these maximums could go higher if current legislation gets … [Continue reading] about What is the Maximum SBA Loan Amount?
🔎 At a Glance: What SBA Borrowers Need to Know ✅ SBA loans of more than $10 million are already possible — even without the new law - using the SBA 504 and/or creative 7a lending - and you don't have to be a manufacturer. 🚀 The Made in … [Continue reading] about New $10 Million SBA Loans
I originally published this 14 years ago on February 16th, 2011 on the heels of the Great Recession, when a lot of people who had been beat up by the downturn in the economy were trying to figure things out. Things were tough for a lot of small … [Continue reading] about What Rocky Can Teach Us About Winning
This overview focuses on the SBA rules and guidelines most relevant to self-storage financing and highlights the program flexibilities that the better SBA lenders use to structure loans creatively. SBA Self Storage Loan Requirements Important … [Continue reading] about SBA Self Storage Loans
Can you use an SBA loan to buy an online business? Yes, and if that is your goal it will help if you can show the following: Good personal credit Relevant Experience Zero Down, 5% down or 10% down payment depending on your situation … [Continue reading] about SBA Loans for E-Commerce & Online Businesses
SBA Loan Interest Rates Online Can Be Wrong and Confusing SBA loan rates for the 2 largest SBA programs - the 7a and the 504 - are dependent on numerous factors and most of the information you will find when searching for anything related to current … [Continue reading] about SBA Loan Interest Rates
SBA Guidelines for Residential Assisted Living Businesses If you are in the market to buy, start or invest in a residential assisted living business then an SBA loan will most likely provide the highest leverage and the greatest flexibility. SBA … [Continue reading] about SBA Residential Assisted Living Business Loans
Can you get an SBA loan with a bankruptcy? YES, you can get an SBA loan after Chapter 7 or 13 and with some lenders after a Chapter 11 bankruptcy. This is because there are no "SBA rules for previous bankruptcies." Generally speaking, a previous … [Continue reading] about SBA Loans After Bankruptcy: What You Need to Know