Browsing Tag
SBA loan
24 posts
Small Business Check-In: Which Sectors Are Recovering Better and Why?
March 2020 was a month no business owner will soon forget. The country was locking down, and our small business clients were struggling to understand the rapidly changing news cycle, a patchwork of local ordinances...
The Best Loans for Franchises
Opening your own franchise is a smart decision if you're an ambitious entrepreneur. Being the owner of a franchise offers the flexibility to be your own boss, yet with the security of owning an already...
New Paycheck Protection Program (PPP) Loans: How to Qualify and Apply
Updated January 11, 2021: The SBA has released guidance for new Paycheck Protection Program (PPP) loans available under the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act). This article...
How to Pay Back an EIDL or PPP Loan
If your business received an Economic Injury Disaster Loan (EIDL) or Paycheck Protection Program (PPP) loan, you may have determined it isn’t a good fit for your small business for any number of reasons: You...
WJR Business Beat with Jeff Sloan: Applications Open for Paycheck Protection Program (Episode 41)
Today, applications open for the second round of the Paycheck Protection Program, an SBA loan that helps entrepreneurs keep their workers employed during the COVID-19 crisis. Jeff offers up great tips for securing these funds...
WJR Business Beat with Jeff Sloan: SBA Paycheck Protection Program (Episode 25)
Today, the federal government opens the application period for the Paycheck Protection Program, an SBA 7(a) loan that helps businesses keep their workforce employed during the COVID-19 crisis. On this morning's WJR Business Beat, Jeff...
Everything You Need to Know About Small Business Financing
While obtaining funding as an entrepreneur is not always easy, there are methods to make it easier. These financing solutions support startups and entrepreneurs, and the companies that provide these solutions understand the challenges that...
5 Things Millennial Entrepreneurs Need to Know About Business Funding
The millennial generation has been coined the most entrepreneurial generation to date. However, many are postponing business ownership for one reason: financing. Starting a business from scratch is a challenging feat on its own, but...
The Best Funding Options for Minority Entrepreneurs
Access to funding is often the difference between growing a successful business and closing up shop. And while there are a lot of funding options out there for entrepreneurs in general, minorities often need to...
Spending Freedom: The Truth About Small Business Financing
It’s hard to qualify for a traditional small business loan through a bank, and it’s even more difficult to get funding through a Small Business Administration (SBA) loan. If you do make it through the 60- to...
Get Cash Fast: The Truth About Small Business Financing
The process of getting a traditional bank loan for your small business is frustrating. It’s nearly impossible to get a banker’s attention if you have questions. You are expected to fill out a long, complex...
How to Find and Apply for SBA Loans for Veterans
Our military men and women are among the bravest and most dependable people we know. It should come as no surprise then, that this demographic often finds success in the small business world. The hard...
Which Business Credit Scores Matter the Most?
Not all credit scores are created equally. You likely already know that you have a personal credit score; it’s what you need to buy a car, get a mortgage, credit card, or even pass a...
Can You Get a Business Loan with Bad Credit?
Let’s say you’ve identified an opportunity for your business. It might be a bulk deal on inventory, a necessary equipment upgrade, or a great space for a second location. There’s just one problem: You don’t...
4 Tips for Funding a Business When You Have Student Loans
Few words strike as much fear in the hearts of college grads as student loans. These debts seem to linger for years; for some, repayment can take anywhere from 10 to 20 years. And for...
Entrepreneurs vs. Solopreneurs: What Are Your Financing Options?
Working Americans choose to start a business for any number of reasons. There’s increased flexibility and independence, as well as more ambitious goals, like fulfilling a lifelong vision or dream. According to the U.S. Small...
4 Reasons to Have Your Business Financials in Order
As humans, we tend to focus our attention on the things that bring us the most pleasure and least pain. It is probably no wonder that most entrepreneurs and emerging companies tend to focus on...
The Small Business Loan Revolution is Here
The economy is back, and it’s ready to lend a hand If you’re like most small business owners, you’ve been on quite the roller coaster for the past several years. You pinched pennies, made sacrifices...
Loan Rejection: What It Means for a Small Business
A Loan Rejection Doesn’t Mean You Can’t Get a Small Business Loan The challenge of finding capital is a top-of-mind concern for many small business owners. While a loan rejection is a bitter pill to...
Things Investors Say When Really What They Mean is, “No”
One lesson I learned the hard way as a founder is that investors never like to say “no.” They especially don’t like to say “yes,” but “no” is almost as difficult to get out of...