The Small Business Association is known for providing various types of funding to help small businesses. Funding options vary, including specific research, growth, and other funding. According to Fundera, about 48% of small businesses have their financing needs met, making access to additional funding essential for these companies. Today, 504 SBA loans are quickly gaining … Continued
If you’re a small business owner exploring financing options, you may be wondering what benefits a CDC lender can provide your company. CDC lenders, or Certified Development Companies, are nonprofit corporations that provide financing assistance to small businesses. Here are some of the key advantages CDC lenders offer. Getting Low-Interest, Long-Term Loans One of the … Continued
Getting a small business off the ground can feel like a daunting task. Loans from the SBA can be an essential part of the process. According to Zippia, the average SBA loan is in the amount of $417,316, while the maximum is estimated to be around $5 million. With these essential funds, potential small business … Continued
There are many obstacles for potential business owners when they are trying to get their business started. Finding financing is probably high on the list of stressors. When investigating finance options, you’ll see many different types of loans and lenders. Understanding how these different options work will be crucial to your long-term success. Certified development … Continued
Small businesses are the backbone of our economy, driving innovation, creating jobs, and fueling local communities. Yet, accessing capital to nourish growth and expansion can often feel like an uphill battle for many entrepreneurs. Enter the Small Business Administration (SBA) 504 loan program – a powerful tool designed to provide affordable financing solutions for small … Continued
Have you ever wondered what a certified development corporation or CDC is? As you look to grow your small business, you may hear about them as a potential funding source. CDCs are unique lending institutions that provide financing to small businesses, particularly those in low-income and rural areas. Here’s more information about these loans from … Continued
Starting a small business is a risky endeavor. According to Zippia, one out of three small business owners struggle or fail due to a lack of capital. Securing financing is often the make-or-break factor in getting a new business off the ground. If you’re an entrepreneur trying to get your startup funded, then 7A loans … Continued
If you’re a small business owner, you know that it can be challenging when you find yourself needing to pay for a large expense. Whether you’re looking to expand your business operations or you’re looking to purchase new machinery, you may be looking for financing options to help you afford these items. This is where … Continued
Running a small business can be challenging, but those challenges are something many businessowners deal with. According to SBA statistics, only 0.01% of businesses in the United States aren’tclassified as small businesses. If you’re having trouble securing small business loans and running yourbusiness, here’s how SBA can help. Getting a Loan Small business loans are … Continued
If you have a business and have seen references to the SBA 504 Loan program but have questions, wehope to provide you with some answers. CDC lending and the SBA 504 Loan program can give you a long-term financing option with a fixed rate and up to $5 million for major fixed assets that go … Continued