Qualified Small-Business Owners Waste Time and Shoe Leather Finding the Right Lender, While Others Use The New Technology For Fast Funding

BOEblogUserSmall Business Lending

I am a big fan of the U.S. Small Business Administration and the agency’s assortment of lending programs. SBA’s loan guarantee programs enable small business lenders to make loans that they would otherwise deem a bit too risky to fund conventionally. In other situations they use the agency’s loan-guarantee programs to grant longer loan terms and sometimes decrease the equity … Read More

Getting Funding: Empathize With Your Banker

Jessica SarterSmall Business Lending


By Brian Hamilton If you don’t have empathy for the loan officer sitting across from you, you won’t understand how to get the funding you need.   Empathy is an essential characteristic of a successful business owner. In all aspects of business development—whether is customer relations, labor management, or seeking a strategic new business partnership—assuming the viewpoint of the person … Read More

Executives From the International Franchise Association, Franchise Brands and Banker, Talk About the $2 Billion Lending Gap and How To Fix It

Jessica SarterSmall Business Lending

Beth Solomon IFA 7-30-12 (2)

Walter is a corporate executive, a SCORE client, and he wishes to remain anonymous. He is starting up a children’s daycare center. Walter needs financing to construct the single-purpose building that the business will occupy. He seeks a U.S. Small Business Administration-backed 504-loan to fund 85 percent to 90 percent of construction cost, furnishings, fixtures and equipment   Walter is … Read More