On October 1, the Small Business Administration (SBA) introduced a major update to its 504 Loan Program, intended to simplify the process for small businesses to refinance existing debt. The 504 Loan Program provides long-term, fixed-rate financing for essential...
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SBA Loan Programs Get a Boost: Easier Access for Small Businesses
Driven by the goal of improving access to loans for small businesses, the Small Business Administration (SBA) has recently implemented considerable changes to its 7(a) and 504 loan programs. These revisions aim to simplify the loan application process, expand the pool...
Smart Personal Finance Moves for Small Business Owners
Business owners are some of the most productive and creative people in the world, but sometimes personal finances can become an afterthought—a move that could leave you unprepared for retirement or during times of adversity. Below are some tips to improve the way you...
Best Loans for Small Businesses in 2020
According to the National Small Business Association, the economic growth of small businesses benefits substantially with access to small business financing. Small business loans are also key to purchasing inventory, equipment, and real estate; getting a start-up off...
Sources of Funding for Your Small Business Idea
The necessary financing needed to support the initial growth of your small business can be challenging to secure, and while it makes the most sense to diversify your sources for capital, you first need to know where to look. Below is an overview of some different funding options available to small business startups. SBA Loans […]