Video Transcript: Mike Rozman: I want to leave collateral and shift more towards experience of the principle. So certainly we all know that the experience level is important to an owner’s success. In some cases brands are seeking out franchisees with a meaningful amount of experience, and in other cases brands are seeking out those franchisees that don’t have any … Read More
Video Transcript: Mike Rozman: Let’s shift to collateral for a moment, and you know, I think the SBA rule is real simple here. And, Eric, can you join in? And on the collateral side of things, US Bank and – within the SBA business, what’s your view of collateral? Eric Daniels: We follow SBA guidance in terms of if collateral … Read More
Video Transcript: Mike Rozman: When a Borrower seeks a loan, they are typically required to inject their own equity into a transaction, and we’d like to hear from the lenders on our call today how much equity they expect a borrower to inject into a deal. Let’s start with Kevin Ellis from Atlantic Coast Bank. Kevin, on the transactions that … Read More
As a small business owner, you might find yourself in a position where you need to purchase new equipment for your company but don’t have the funds on hand to do so.
As a small business owner looking for the ideal small business loan for your needs, it can be beneficial to investigate all of the avenues through which you can acquire financing.
It can be fairly difficult to navigate the complicated search for small business loans.
If you’re considering taking out a small business loan through one of the Small Business Administration (SBA) loan programs, you’ll have to make a number of preparations.
One of the most important factors you’ll have to consider when applying for a small business loan is the lender you choose..
Your credit is immensely important when you’re applying for a small business loan.
No matter what type of venture you’re looking to start up or keep in business, it’s important to know how you can get the financing you need.