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WITH BAD CREDIT, HOW DO I GET AN SBA 7(A) LOAN?

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 score requirements...

COLLATERAL IS REQUIRED FOR SBA 7(A) LOANS?

Understanding the Collateral Requirements for SBA 7(a) Loans If you apply for an SBA 7(a) loan, your lender will nearly always require you to secure the loan with enough collateral. As a result, when you meet with the SBA lender, you should be prepared to give up your...

ARE YOU ELIGIBLE FOR MULTIPLE SBA LOANS?

Yes, as long as each of your loans complies with the SBA's lending standards, you are permitted to have several SBA loans. This is true for both SBA 7(a) and SBA 504 loans. If you are authorized for two SBA loans of the same kind within 90 days, the SBA may consider...

IS IT POSSIBLE TO GET MARINA FINANCING ON AN SBA 7(A) LOAN?

In 2017, the marina and boatyard sector in the United States produced $5 billion in revenue and employed more than 35,000 people. An SBA 7(a) loan may be a great choice if you're looking to buy or expand a marina or boatyard, or if you're looking to refinance debt on...

CAN A FUNERAL HOME BE FINANCED WITH AN SBA 7(A) LOAN?

In 2017, the funeral home business in the United States employed about 120,000 people and generated over $15 billion in sales. The SBA 7(a) loan may be a great choice if you own a funeral home or are thinking about starting one. SBA 7(a) loans may be utilized for...

CAN A DENTAL OFFICE GET AN SBA 7(A) LOAN?

Nearly 200,000 dentists operate in the United States, with many of them seeking to establish, grow, or buy a business. If you're one of them, an SBA 7(a) loan may help you obtain the money you need. All types of dental offices, including orthodontists, periodontists,...

CAN AN SBA 7(A) LOAN BE COMBINED WITH AN SBA 504 LOAN?

SBA 7(a) loans are popular among borrowers because they may be used for both working capital and commercial real estate, making it one of the most flexible loans available. SBA 504 loans, which may only be used for commercial real estate and other fixed assets, offer...

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