How Can an SBA Loan Help Your Company Survive the COVID-19 Pandemic?

Federal, state, and local governments have encouraged or forced any nonessential businesses to shut down for the sake of “social distancing” practices. This has put a significant dent in the revenues of businesses throughout the country, with many not having the funds to support their current operations for more than a couple more months. However, […]

How does the SBA 7(a) Loan Program Apply to the COVID-19 Stimulus Package?

The Senate has approved a colossal $2 trillion stimulus package.  The key feature of the package is a one-time $1,200 direct payment to adults; however, the legislation included numerous proposals for aimed to help small businesses experiencing adverse impacts from the pandemic.  The highlight of the small business relief is a $350 billion small business […]

SBA Disaster Assistance in Response to COVID-19

Response to COVID-19 The $2 trillion stimulus passed by the Senate included $350 billion small business loan program that will be overseen by the Small Business Administration. This will include offering low-interest federal disaster loans to provide working capital to small businesses experiencing an adverse economic impact from COVID-19. The highlights and details of the […]

SBA Loan Checklist

Getting ready to request an SBA Loan for financing?  Like a lot of things in life, it’s best to go into it being prepared.  That means understanding the SBA Loan Process, and doing all your homework early. To help you along that path, check out our SBA loan checklist below:

2014 SBA 7(a) Lending Stats

The SBA recently released FY14 lending statistics.  As always it’s interesting to see which banks are most active – and what the “sweet spot” is for loan sizes.

An Overview of SBA Loans

SBA Loan Program Overview The SBA has two primary loan programs. The most commonly used is the 7(a) program – which we focus on here – and the 504 program.   The 7(a) program is frequently used for working capital expansion or to fund the acquisition of an existing business.  In fact, as a business valuation […]