SBA Loans and "Key Man" Life Insurance The SBA requires lenders to require many borrowers to carry some amount of life insurance as a condition of receiving financing. This is because most of the time a small business has one or a few "key" … [Continue reading] about SBA Life Insurance Requirements
SBA 7a Loans = Good Long Term or Temporary Financing
SBA 7a: Bridge Financing or Good Long Term Loan? Or Both? It's pretty much an accepted fact that small and mid-sized businesses are still having a hard time getting access to capital and many banks (unless they are active SBA Lenders) aren't … [Continue reading] about SBA 7a Loans = Good Long Term or Temporary Financing
SBA Loan Rates: “Real” SBA Fixed Rates Available
(Blended) Fixed Rates In High 4's to Low 5's Now Available Most people who research the SBA 504 loan program for commercial real estate understand that it is heavily advertised as "fixed rate" financing. This is both true and false, but it is … [Continue reading] about SBA Loan Rates: “Real” SBA Fixed Rates Available
SBA 504 Refinance Loan Program Going Away?
SBA 504 Refinance Program A Success, But... The temporary SBA 504 refinance program has kind of suddenly become a big success (after a very sloooow start) and it has helped many small business owners refinance their current loans, consolidate debt … [Continue reading] about SBA 504 Refinance Loan Program Going Away?
SBA 504 Refinance: The New (New) Rules
The New SBA 504 "Cash Out" Refinance The SBA 504 refinance program finally received a much needed boost this month when SBA decided to let business owners tap the equity in their buildings to pay for business expenses. They effectively created … [Continue reading] about SBA 504 Refinance: The New (New) Rules
Mixed Use Property Loans
SBA Loans For Mixed Use Properties SBA loans for mixed use property are available with both the SBA 7a and the SBA 504 loan programs. Mixed use properties include both commercial and residential space and both the 7a and 504 allow low or no … [Continue reading] about Mixed Use Property Loans
SBA Wingman: Part 2 – Snoopy’s Big Mistake
Breaking News: Fall 1919, Somewhere Over France: World War I Flying Ace "Snoopy" (flying WITHOUT a Wingman) is shot down by the Red Baron.... As this old headline reports, Snoopy was shot down and while he was able to land his … [Continue reading] about SBA Wingman: Part 2 – Snoopy’s Big Mistake
SBA Wingman Services
What's an "SBA Wingman"? And how do you know if you need one? Part 1 Most people understand the current vernacular for a "Wingman" related to social situations and a buddy "taking one for the team." Well, we are not talking about that … [Continue reading] about SBA Wingman Services
(New) SBA Refinance Program
(New) "A-" SBA Refinance Program For Businesses Who've Returned To Profitability It is probably not an exaggeration to say that most businesses had a rough couple of years in 2008 and 2009. In fact, many are still reeling. It is also not an … [Continue reading] about (New) SBA Refinance Program