Do you want to learn how to access low-interest rate government loans such as SBA loans? Then below is an in-depth guide on how to apply and get government loans for your small business. These are loans with a government-backed guarantee. Like most bank loans, they can be tough to get, and the process can…

 
 

An SBA loan is issued by a participating lender approved by the U.S. Small Business Administration — and not by the SBA itself. The SBA just insures the loan. So if you want to apply for an SBA loan, you have to find an SBA-approved lender. The SBA works with intermediaries to provide low-interest loans…

 

Note that most SBA loans are limited to 10 years, working capital loans are generally limited to seven years, and the SBA sets a maximum rate on its guaranteed loans. The SBA is a U.S. government-backed term loan that is available at most banks and commercial lending institutions. In any given year, the SBA can…

 

Aside granting loans to small businesses, the SBA has a learning center where they share knowledge. Here are 7 most popular courses offered by SBA. When you think of the Small Business Administration (SBA), you probably think of business loans. But there are also other things the SBA can do to help your business before…

 
 

Chime temporarily accepted Small Business Administration (SBA) loans to Chime Spending Accounts until July 21, 2020. However, as of July 2022, they no longer accept this option because according to the company, the Chime Spending account is only for personal use. SBA loan payments requested after July 31, 2020, will be rejected and returned to…

 

The concept of purchasing a franchise attracts a whole lot of new business owners, especially since it comes with numerous benefits. Aside from the fact that there is an already existing brand value, customers know about the products and the demand that exists. Also, purchasing a franchise business guarantees that new entrepreneurs can hit the…

 

Yes. An SBA loan application is considered “approved” once the applicant is assigned a loan number by the U.S. Small Business Administration. After reviewing your application, the SBA will have to make an initial loan decision and if your application is approved, they will issue an SBA loan number for your loan. This number notes…

 

It is one thing to collect a loan and another thing to pay back the loan. The truth is that some people collect loans with the hope that they will meet up with the payment, but life sometimes happens. It means that there might be circumstances beyond their control that may stop them from paying…