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
SBA Self Storage Loans
The following is an overview of some of the many rules and guidelines for SBA loans for self storage facilities: No Down Payment is needed if you are expanding your exisiting self storage business by purchasing a competitor or opening a new … [Continue reading] about SBA Self Storage Loans
SBA Loans for E-Commerce & Online Businesses
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
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 Residential Assisted Living Business Loans
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
SBA Loans After Bankruptcy: What You Need to Know
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
Full Standby Seller Note: What Does It Mean for an SBA Loan?
"Full Standby Seller Note" and SBA Loans In SBA loan terms, a "full standby seller note" is most often used to refer to a note held by the seller of a business to make a business acquisition loan either easier to approve or, in some cases, just … [Continue reading] about Full Standby Seller Note: What Does It Mean for an SBA Loan?
SBA Loan Fees
SBA 7a Loan Fees The Small Business Administration announced new SBA loan fees for SBA 7a Loans in September of 2023. There are no upfront SBA 7a loan fees (SBA Loan Guaranty Fees) on loans up to $1 million through the end of September 2024 and … [Continue reading] about SBA Loan Fees
How To Finance an RV Park with No Money Down
Can you really finance an RV Park, a campground (or any other "business property") with no money down? The answer re: 100% financing for an RV Park or campground has 3 responses: "yes," "yes" and "kinda/sorta." The answer for many other types of … [Continue reading] about How To Finance an RV Park with No Money Down