Funding

By offering a more complete credit picture to lenders, the SBFE ensures that more businesses have the financing available that they need to grow. As businesses grow, more businesses can be born. So it’s a win/win for everyone.

Grab an SBA loan checklist and get the funding your business needs to grow and flourish. But be aware – it’s a lot. And SBA loans are hard to qualify. More on that later. But First, What Does the SBA Do? The Small Business Administration isn’t a lender; they just guarantee loans from conventional lenders,

Building corporate credit pays off. Good business credit scores help a corporation get loans.

Don’t bite off more than you can chew. Do not take on more credit than you can handle. Know your limits, and pay attention to the market. Imagine trying to escape from danger by hiding long enough to get out of the house. You don’t have to move quickly. In fact, if you move too fast they may see you and run your way. You only have to keep moving in the right direction without them seeing you until you are out of harm’s way.

The SBA has two major programs available under the CARES Act. Funding is provided though the Disaster Loans program and the new Paycheck Protection Plan. Do you meet the SBA loan requirements for these programs? Find out now.

By the time you have been in business for at least 3 years, you will have many more funding options available to you. If you have been working on building strong business credit, and put all the other pieces of the fundability puzzle together, you’ll have an even easier time getting funding. $20k loans should not be a problem.

Understanding how business loans work is important because it will help you know which options will work best for your needs. While they are similar to personal loans, some differences include approval requirements, interest rates, repayment terms, and dollar amounts.

Like with other forms of financing, you will need to take an honest look at your strengths and weaknesses. Poor personal credit? Then hard money could be your best bet. Low income? Then try NACA or the USDA.

Your business address affects the Fundability of your business, which in turn affects your ability to build business credit. A virtual address can work work, but not all lenders will accept it.

Dental equipment financing is designed to help you purchase or replace equipment for your practice. These tend to be term loans, with either a fixed or variable interest rate and a fixed set of time when you need to pay the loan back.