Find us elsewhere

Home > Podcasts > Straight to the Source: Securing an SBA Loan

Podcasts

Straight to the Source: Securing an SBA Loan

Listen in stand-alone player

Get the Flash Player to see this player.

Episode Spotlight

On the heels of a podcast about home equity loans comes the flipside: petitioning the Small Business Administration for startup funding.  Joe Loddo, the District Director of the Washington DC area, shares the upside of going right to the source.  Joe says the SBA should be the “lender of first resort.”  Why?  Because it is designed specifically for small businesses.  Also, there is less risk than other loans because the programs offered provide the entrepreneur with insurance.  With an SBA loan you can receive up to $2 million in funds and you can also get money to expand an already existing business.  All of this takes a mere few hours of paper work.  Listen in as Joe Loddo gives more details!

Comments

The credit crunch for small businesses is expected to ease this year, but entrepreneurs may still need to be creative in their search for financingAlready, a few alternative funding sources are becoming increasingly popular and likely will gain more traction in 2012.http://cheetuh.com/b/JbAgZxC-be9c6aa9

By-far the best 14 minutes of my business hours today! That was some incredibly valuable information. I think I would have paid to hear that! Thanks Guys Questions... Would it be more unlikely to get a loan from the SBA if you where not selling products, verses services? Where can I go to create a professional business plan - not just what to include but how to format it... so that when I sit down with a bank person, they don`t seem "puzzled" of the format I am presenting my information with. ...

Advertisement