Bad credit is the scourge of all company efforts, so it’s understandable that you’re worried about your trustworthiness if you’re looking for a business loan. When it comes to any of the SBA 7(a) loan choices, the SBA does not have particular credit...
Table of contents As a business owner, you’re certainly aware that your financial condition may make or break your firm. You don’t need to be reminded that a loan is an investment in the future of your business or that failing on a loan has serious...
Table of contentsUnderstanding the Collateral Requirements for SBA 7(a) LoansWHAT EXACTLY DOES THE SBA CONSIDER COLLATERAL?WHAT ARE THE COLLATERAL REQUIREMENTS FOR A SBA LOAN?WHO IS IN CHARGE OF THE LOAN’S BUSINESS COLLATERAL REQUIREMENTS? Understanding the...
Table of contentsIs there a limit to how many SBA loans you may get? Yes, as long as each of your loans meets the SBA’s lending criteria, you are allowed to have several SBA loans. Both SBA 7(a) and SBA 504 loans fall under this category. For underwriting...
Table of contentsGym Equipment Types That Are Frequently UsedSBA Gym Equipment Loan Requirements In 2017, revenues at gyms and fitness clubs in the United States were more than $80 billion. If you own or run a gym or a health club, the SBA may be able to help you with...
In the United States, the marina and boatyard industry generated $5 billion in sales and employed more than 35,000 people in 2017. If you want to acquire or expand a marina or boatyard, or if you want to refinance debt on a marina or boatyard you already own, an SBA...
