How A Business Loan Could Be Affected By Your Social Media Activity

Getting a Small Business Loan | ALL ABOUT LOANS

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The perfect credit profile for the business owner personally and the credit profile of the business if it is already established. It tells the bank a lot about that person. It tells them beyond what your payment history is like. The credit profile provides a lot of insight in terms of how you run your business and how you have built your banking relationship, says Lee.
For the original version including any supplementary images or video, visit http://www.blackenterprise.com/small-business/small-business-loan-social-media-effect/

Why It's So Hard to Get a Loan (Infographic) | Inc.com

Most businesses are unable to expand operations , some have to reduce their number of employees, and others are unable to finance their sales. Unfortunately, the National Small Business Association found that within the past four years, 47 percent of small businesses have been unable to find any source willing to give them a loan . This infographic by Column Five and Intuit shows how just tough times have gotten for small businesses seeking a loan post-recession. Last updated: Jul 3, 2014 More:
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Four Benefits of a Small Business Administration Loan for Health Club Owners | clubs content from Club Industry

Interest rates vary based upon the prime lending rate at the time of closing plus some spread that is based upon the strength of the borrower(s). As a general rule, the interest rates for SBA loans are no greater than 2.75 percent over the prime lending rate as published in The Wall Street Journal. That rate currently is 3.25 percent. Consequently, today's 6 percent lending rate is at an historic low. 3. Improved approval potential. The SBA program is designed to spread the risk of the loan between the lending bank and the SBA. Depending upon the type of loan (504 or 7A), the SBA will assume a percentage of the risk so that the lending bank is only putting at risk the portion of the loan that the SBA does not guarantee. All SBA loans are secured by the borrower with some collateral that varies by the loan type. Additional collateral can be the business itself, personal real estate or marketable securities so that an SBA loan is secured by the borrower and by the SBA, which enhances the chance that the loan application will be approved. In the current business environment, many lenders are risk adverse so this is an important element of an SBA loan.
For the original version including any supplementary images or video, visit http://clubindustry.com/clubs/four-benefits-small-business-administration-loan-health-club-owners

usgovernmentsbaloans.com

Get Up To $50K Fast Within 30 Days! U.S. Small Business Administration Micro Loans No Credit/Good Credit/Bad Credit With or without Assets Cut Through All The Red Tape! The program will lead you through the necessary steps to secure your share of the billions of dollars that are available for new business start-ups, and existing businesses. SBA Expeditors will: Match you with the proper Intermediary (Lender) For Your Business Give you the correct Application and Paperwork Create your comprehensive business plan to submit with your application. Advise you with Step By Step Instructions of How To Apply for and Get Approved For your Small Business Loan SBA Expeditors is helping hundreds of people by saving them the headaches of trying to navigate the SBA loan alone. They offer a proven track record of helping individuals obtain their small business loan from the federal government. This little-known fund is distributed through special non-profit intermediaries who are funded by the United States Government. Most people aren't even aware that this special fund exists nor how to tap into this hidden gem available to almost all small business owners and legal U.S. residents looking to start a new business.
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