You've successfully gathered your documents and information, completed your application and been approved for a small business loan. Nice work! · So what comes next? · A business loan unlocks opportunity to expand and grow your business. At the same time, since your financial situation has changed, it's important to take time to revisit your plans, projections and internal processes to stay on track. You've also forged an important business relationship with your lender. Keeping your commitments under the loan contract is crucial to building ...
Those changes and others are outlined below: 1. Bigger loans ; Going this route can offer a more expeditious process for founders, as small loans tend to have fewer requirements. “The SBA allows for more streamlined underwriting procedures for loans that meet the definition of 7(a) Small,” says Adam Zaabel, an executive vice president at Newity, a Chicago-based lender service provider. “By raising the dollar amount of the definition, this may help expand lending.” · 2. Less red tape ...
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Credit unions can offer personalized service and accessible small business loans. In addition, credit union loan officers usually provide personal attention, including advice and business...
Home / Advice / Small business starter kit: The tools you’ll need Small business starter kit: The tools you’ll need by Marina Lau Last updated: September 17, 2024 Small businesses have...
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Banking services evolved ; Funding for your business ; Business card rewards ; Payments taken with ease
Congress is hashing out the terms for the next package of federal loans for small businesses... Further, there needs to be greater oversight and transparency from the Small Business...
You also need access to loans and other forms of credit that'll help you ride out the tough... According to a recent Capital One study, nearly one-third of small business owners have either...
Try Starter Suite for free Explore related content by topic Small Business Kristie Poon Global Campaigns Director Kristie Poon is a Global Campaigns Director for Salesforce where she leads...