Small Business Loans You Might Not Know
– SBA 7(a) and SBA MicroLoan

Small business loan denied
Small business owners, particularly those just starting out, often finance their own businesses. According to the U.S. Census Bureau 2007 Survey of Business Owners, many business owners dig into their own pockets to fund their startup company and some 20% use no startup capital at all. There are many reasons new businesses self-finance and we can only guess what they are. It may be that they can’t afford the interest rates, loan terms are too short, they don’t have collateral to back a loan, or they simply don’t meet the tough standards of lenders. Read more

How to Secure a Small Business Loan.
A Little Knowledge and Flare Can Help

How to secure a small business loan
Understanding why lenders make it so difficult for small businesses to get financing can help business owners better prepare to navigate through the borrowing process and improve their chances of success. From a borrower’s perspective, lenders require too much information, which takes a lot of time and money to gather. The lenders, on the other hand, perceive lending to small businesses as a high risk, so they need to mitigate those risks by performing extensive due diligence and attaching performance conditions to approved loans. Read more to learn how to secure a small business loan. Read more