SBA Loan approval rate

SBA Loan Approval Rate

SBA loan approval rate Small business lending saw positive figures in 2017 as there was a high SBA Loan approval rate of 64.3% from institutional investors. The rising interest rates and less restrictive regulation of the banking industry have helped create an excellent atmosphere for small business lending. Since December 2015, the Federal Reserve has…
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SBA Loan Collateral

How to get SBA Loan Collateral?

How does life insurance cover SBA loans? The excitement of starting a small business venture can be beyond limits. Nothing might be more exhilarating than firm shake hands while sealing newly found deals. Success stories look nothing like what’s behind all the glitz and glamour of triumph. For those who need to start from the…
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Which SBA Loan is right for you

Which SBA Loan is right for you?

Which SBA Loan is right for you? SBA offers multiple SBA funding programs that foster the growth of small businesses. This government agency can provide loan guarantees of up to 85% of the loan amount. With the cooperation of SBA-approved lenders, startups can enjoy financial help from reliable fund sources. The two banner loan programs…
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SBA Loan

What is an SBA Loan?

A Small Business Loan 7(a), is one of the most efficient ways to finance your growing business. Compared to other financing options, an SBA loan often will most likely offer the lowest available interest rates and most flexible terms. The interested rates that are offered are so low because an SBA loan is guaranteed by…
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SBA 7(a) Loan

SBA 7(a) Loan – What is it?

What is an SBA 7(a) Loan? SBA offers its 7(a) Loan Program for small business owners who need financial help for various purposes. As SBA is aware that obtaining economic freedom for startups is a challenge, it welcomes borrowers to a more flexible and relatively affordable loan term. Know more about what an SBA 7(a)…
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A Step-By-Step Guide To Getting A Small Business Loan

How to get a Small Business Loan? You’ve got a big idea for a small business. Maybe it’s a boutique pizzeria that bakes everything with organic ingredients. Maybe it’s an outdoor supplier that caters only to vegetarians. Maybe it’s an autobody shop or farm supply store or eCommerce business. But there’s one problem: you don’t…
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SBA 504 Loan

SBA 504 Loan – What is it?

What is an SBA 504 loan? As SBA remains true to its promise of giving essential financial opportunities to small business owners, the agency also welcomes borrowers for financing significant assets. If you’re familiar with SBA’s 7(a) program, you might already know that it’s made for people who primarily want to have a working capital…
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How To Accelerate The Life Insurance Process For An SBA Loan

Quick Tip: Fill out the form on the side for an instant quote on life insurance from companies who will collaterally assign a life insurance policy for your SBA loan.  Summary: (1) Use a no-exam or accelerated underwriting program. (2) Work with an agent who will accelerate the collateral assignment recording. (3) Don’t wait until the…
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requirements for an SBA Loan

Requirements for an SBA Loan, What You Will Need

SBA loans are created for small business owners. These loans are competitive in giving financial assistance to small business owners versus larger companies. SBA loans typically range from 2 to 5 years. When applying for loans, businesses will be evaluated on a case-to-case basis based on certain requirements for an SBA loan. Lenders usually follow…
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