Small business loans can be challenging to get. Getting funding for small business loans can sometimes feel like trying to fit a camel through the eye of a needle. But with the right preparation and the correct documents, you can get small business loan financing.
Tips for Getting Small Business Loans
Getting approval for small business loans is not as difficult as it seems. It comes down to getting the right documentation to the right lenders. Here are the top ten tips for getting loans for small business.Read More
It is estimated that only a small fraction of the government loans is now reaching women entrepreneurs. Somewhere around 8 % to 10 % of the SBA guaranteed loans are being received by them as of now. It is intended to increase this to at least 15 %. An intermediary helps women with the processing and completing of their loan applications. The intermediaries are invariably not for profit organizations.Read More
Best small business loans are those which come to you at easy repaying terms, without pinching a big hole in your pocket in terms of excessive interest and repayment plans. Before taking loans, you may wish to conduct a thorough survey to find out which agency offers the best terms with a low interest. You may also consider to read their terms and conditions with minute details so that you know about all those pitfalls.
You may also like to know about the type of loans which will out best for you; secured loans are better if you consider offering some sort of collateral in for of mortgage or fixed property. You can also provide security of governmental bonds to get a secure loan. Unsecured loans are fine if you consider their flexibility and low rigidity; these loans are offered for those people who are impeccable in their credit history as well as integrity.Read More
What qualifies as a woman owned business? The criteria for this qualification are rather simple on a federal level in USA but it might vary from one state to another. Any business that is owned at least 51 % and managed by a woman or a group of them qualifies as a woman owned business. The 8 (a) certification program from the US Small business Administration (SBA) becomes necessary for small business companies owned by women and minorities to be eligible to get assistance in receiving federal contract set asides and other business development support.Read More
VA Small Business Loans and who are eligible to take them?
What is VA small business and who is a veteran? A person honorably discharged from either of the US army, Air Force, Navy, Coast guard and Marines or any one called for active duty and National Guardsman and Reservist also is considered a veteran. The businesses owned and managed by them at least to the tune of 51 %, qualify for the status of veterans’ businesses. In case of publicly owned companies, it is considered a VA business if veterans hold an equity of not less than 51% by one or more veterans with all other conditions remaining ceteris paribus.Read More
Wells Fargo is a financial services company. Based in the United States, it has consumer finance subsidiaries doing business in Canada, the Northern Mariana Islands and the Caribbean. Over the past four years it has increased its small business lending by more than 30 percent. It is presently extending $18 billion to small business owners nationwide with loans under $100,000. For the fourth year in succession, Wells Fargo leads this category. It extended more than 680,000 loans nationwide with the average loan size being $26,000.
Wells Fargo is ranked No. 1 for loans under $100,000 in 19 states and is also number one lender to small businesses in low- and moderate-income neighborhoods. To its credit it has more than 137,000 loans totaling more than $3.7 billion.Read More
EWCP means export working capital program. It is a loan program that is backed up by the U.S. Small Business Administration (SBA). EWC is a program that allows small business to borrow substantial amount of money to finance the export of both labor and materials of the company. The export working capital can also be used as payment guarantee or performance bond. The SBA and the U.S. Export Assistance Center are the public office that handles EWCP loan applications.Read More
More women with a family life are combining their (often very busy) family lives with a career. Dividing the work connected with having a family between men and women still often results in the traditional situation of the woman caring for the children during the day and providing care while struggling to combine this with a part time job on the side for a few hours a week. This type of situation often causes friction and a stressful situation where women feel that they simply do not have enough time to actually spend enough time on their family or their jobs.Read More
Lot of banking companies have started focusing their attentions on small and medium sized enterprises for providing SME loans. If you have a plan to start your own business (small or medium) and if you are short of quick cash, you can always apply for a SME loans in various financial banks. You can use the loan amount to invest as the capital to build a shop, or run an inventory centre, or advertise your own business. How can you know if you are eligible for SME loans and can you really get benefited because of SME loans?Read More