What is a Small Business Administration (SBA) Loan?
SBA Loans are a flexible, competitively priced business financing option that the U.S Small Business Administration guarantees.
Non-SBA Financing Options for Small Businesses
It’s normal for entrepreneurs (like you!) who own, or are planning to own, a small business frequently find themselves in need of additional funds to run their businesses. While SBA 7(a) loans are a favored small business financing option, they’re absolutely not the only route you can take. Here are
What the Federal Reserve's Prime Rate Hike Means for Small Business Owners
In December 2017, the Federal Open Market Committee (FOMC) voted to raise the Federal prime rate from 1.00 - 1.25 percent to 1.25 - 1.5 percent. Any decision to increase interest rates has an effect on business owners. Small business owners must be especially vigilant about any source of increased
How Much is the SBA 7(a) Down Payment?
SBA 7(a) loan downpayment is lower than a standard business loan. If you qualify, you may pay as little as 5 or 10% down, depending on the lender’s policies, purpose of the loan, amount borrowed, your credit history, and more.