Category: Business Finance

Get Your Business Financing and Small Business Administration Still The Best

Lots of choice and if you remember the first post I wrote about the SBA micro loan and then one in the free help with your business plan. Most of the SBA that are not in accordance with the article. They hire retired professionals who volunteer their time and services to entrepreneurs starting out in the business world and offer secured loans to a certain percentage. Now where everything becomes fuzzy is how they are suppose to be the new replacement or start a business that can not receive traditional financing from banks (Due credit or lack of experience), but they got rid of the earliest LowDoc loans up businesses applied for and been approved. The main reason for the termination of the loan is because they say they are losing too much money to the program (not profit possible?). Lowdoc loan application fast enough (Low Document) to get money to fund your business, backed by the SBA until a certain percentage to make the bank feel more secure with the transaction. After they terminated their loan package is replaced by SBA Express loans, which was suppose to be a new alternative for small business financing. Continue reading