With help from JJ Richa<\/b><\/p>\n
There are so many ways to finance a small business.\u00a0 Most of them rely upon some form of debt, often personally guaranteed by the founder(s).\u00a0 So we investigate the most simple of these methods of debt financing first, since most are simple to execute and non-dilutive \u2013 that is help you to retain your ownership intact.<\/p>\n
Here is a list of common loan types:<\/p>\n
The Small Business Administration (SBA) is a valuable funding resource for many businesses. However, the SBA itself does not actually make loans. Instead, the SBA guarantees bank loans, allowing commercial lenders to make loans that they may not otherwise. The SBA, through its programs, reimburses lenders for a guaranteed portion of the loan (usually up to 85%), making it less risky for them.<\/p>\n
In order to be able to obtain a loan, SBA or conventional, you must meet the basic financial institution risk rating, which is known as the \u201c5 Cs of Lending\u201d:<\/p>\n
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With help from JJ Richa There are so many ways to finance a small business.\u00a0 Most of them rely upon some form of debt, often personally guaranteed by the founder(s).\u00a0 So we investigate the most simple of these methods of … Continue reading