Tagged: business plan

Alternative Small Business Administration Loan Programs To Finance Your Business

With this business model has a tendency to fly through the loan underwriting process and away from applications for funding in no time flat. In fact, the Small Business Administration (SBA), in the hope of speeding up the process of funding and financing more franchise loans, has created an “SBA-approved franchise” list – a list of franchises that SBA has been checked through their underwriting process. According to Jim D, a former moderator of the site SBA.gov; SBA-approved franchise is select the business opportunity that the agreement has been accepted by the SBA. When it comes to securing a SBA-backed loans, they apply for approval-franchises have easier and faster. Applicants for SBA-approved franchise benefits of a streamlined review process that accelerates their loan application. Because franchises are pre-approved, review the loan is less complex and focus on certain aspects of the business plan that brand. Continue reading