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SBA 7a loans

    • 3 posts
    October 27, 2012 2:07 AM EDT

    These SBA Loans are really so and convenient option for a businessman to do something better with his business. After reading you blog post I found that the collateral of this SBA business loan is the company’s assets are also a place of business equipment and machinery for small businesses. That’s really great!!

     

    • 32 posts
    June 15, 2009 2:15 PM EDT
    I was wondering if someone could explain this to me.  I read that they guarantee 90% of the loan for this year.  I am in a bad position though I do not have very good credit, when I say not good credit, I mean pretty piss poor
    • 31 posts
    June 23, 2009 8:12 AM EDT
    Hi,
     
    We have worked with many clients with that same issue. Reaching out for another parnter with good credit is a fine idea but you must be sure that all the partners are in alignment. This means that you need to be sure that the business model, the strategy, the equity position, and the exit are all clearly communicated. Additionally, get crystal clear on the roles that each partner will play in the business.
     
    Don`t hesitate to connect with me directly if you have other questions.

    ---
    Need Capital For Your Business...Start Here!
    http://www.startupsmart.net
    Joe F. Clark
    Senior Principal
    Start-Up Smart, LLC. - the clever way to accelerate your business
    jclark@startupsmart.net

    • 1 posts
    June 23, 2009 12:13 PM EDT
    HI GUYS
    I AM BUYING A NEW QUIZNOS FRANCHISE, AND I AM IN NEED OF GREAT IDAES AS TO HOW TO BRAKTHROUGH IN THIS  FRANCHISE BUSINESS.
    PLEASE HELP ME WITH  ADVERTISEMENT PLANS AND HOW TO INCREASE FOOT TRAFFIC IN THE SHOP. DO YOU  THINK MOUNTING A CABLE TV IN THE SHOP IS A GOOD IDEA?
    PLEASE HELP.
    JOHN
     
    • 926 posts
    June 16, 2009 6:05 AM EDT

    Not sure what your question is. FYI - the SBA doesn`t make loans. They provide "guarantees" to the lender, which is supposed to make the lender more willing to lend to small businesses. Among the recent actions taken by the US government was to raise the guarantee percentage to 90%- which was intended to "encourage" lenders to make loans to small businesses.

    For both past and present - the personal credit history of the principals is a very important factor in getting any SBA loan. With your poor credit rating, you may have to look for other funding strategies.

    Hope this helps. If you`d like to discuss your specific situation (in confidence) send me a PM or contact me directly.

    ---
    Business Growth Masters, LLC -
    Capital Catalysts for Entrepreneurs
    Home of the Scalable Business Plan and QuikStart Capital Programs
    http://www.bizgrowthmasters.com
    info@bizgrowthmasters.com


    • 926 posts
    June 19, 2009 5:00 AM EDT

    Sky,

    I can`t speak about your source, but I doubt it. Most lenders look at performance over time -s not just the age of existence of the company.

    I`d ask - who provides the line of credit.

    If you want to discuss your specific situation in confidence, contact me directly

     

    ---
    Business Growth Masters, LLC -
    Capital Catalysts for Entrepreneurs
    Home of the Scalable Business Plan and QuikStart Capital Programs
    http://www.bizgrowthmasters.com
    info@bizgrowthmasters.com


    • 926 posts
    June 23, 2009 8:17 PM EDT
    HI GUYS
    I AM BUYING A NEW QUIZNOS FRANCHISE, AND I AM IN NEED OF GREAT IDAES AS TO HOW TO BRAKTHROUGH IN THIS  FRANCHISE BUSINESS.
    PLEASE HELP ME WITH  ADVERTISEMENT PLANS AND HOW TO INCREASE FOOT TRAFFIC IN THE SHOP. DO YOU  THINK MOUNTING A CABLE TV IN THE SHOP IS A GOOD IDEA?
    PLEASE HELP.
    JOHN
     

    John,

    I`m not sure how your question relates to the topic of SBA loans.

    Generally, the franchiser provides all this type of information along with the training to support their "program"

    If they aren`t helping you prepare your advertising & promotion plan - or at least providing you with some guidance - why do you want to buy this one?

     

    ---
    Business Growth Masters, LLC -
    Capital Catalysts for Entrepreneurs
    Home of the Scalable Business Plan and QuikStart Capital Programs
    http://www.bizgrowthmasters.com
    info@bizgrowthmasters.com


    • 1 posts
    January 14, 2013 11:54 PM EST

    According to me this SBA loan is really so good but people under estimate this SBA Loan, SBA has always been criticized that it doesn’t do that much, but I know very well that how useful this loan is.

    12 month loan