Do older businesses succeed because they’re older? Or do they succeed because being older opens up more opportunities for funding?

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Small Business Administration (SBA) grants millions of loans, counseling sessions, business development assistance, etc. available for business owners. Choosing the wrong SBA loan could mean that you’re losing out on important benefits that could help your business.

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There are several SBA loan options available, but which one is right for you. Do you even qualify. Here are details on 7 SBA loan options, who they work best for, and how to qualify.

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Since the SBA requires a down payment, why not finance that down payment with the proceeds from applying for our Credit Line Hybrid?

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Minority small business owners can get funding from Accion. The Accion Opportunity Fund is a financial support system that provides business owners with access to capital, networks, and coaching.

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Since the SBA does not actually specify the use of its lending products for vehicles, there are significant restrictions, including the obvious one of having to use the proceeds for an actual business purpose.

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Inventory is a huge and ongoing expense for many retail businesses. Funding its acquisition is top of mind, particularly right before a busy season. And, if your business has a slow season, then you will need to concern yourself with funding inventory storage as well.

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A Standard Industry Classification – SIC Code – may or may not be vital for SBA Paycheck Protection Program funding. Yet it is certainly important when it comes to other types of funding. Make sure yours helps you get financing!

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The Credit Suite Credit Line Hybrid is a great way for a business to get fast financing and leverage an owner’s good personal credit scores. You can get up to $150,000 in unsecured credit cards.

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If you borrow your down payment from friends or family, that’s still a loan that you’ll eventually have to repay. Some small business owners might prefer to make some short-term sacrifices instead.

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