Every Small Business Owner needs to have a bookkeeping system and from that bookkeeping system draft a PROFIT & LOSS STATEMENT – EVERY MONTH 1. If a small business owner …
An SBA Loan will fund the purchase of a business. When you go to your local bank, the bank will steer you to an SBA Loan Why – Usually there …
The SBA (Small Business Administration) is a federal government agency which has the power to guarantee loans funded by lending institutions. These lending institutions are all banks or credit unions …
A person who wants to borrow from an SBA Lender needs to understand these qualifications: Cash Required: Borrower must have the cash for the transaction in a bank account …
Who: 1. Borrower wants to refinance his business debt. 2. Borrower went through a divorce to a trial. 3. Borrower and Ex-Spouse were ordered to split the credit card debt and …
A person who wants to borrow from a lender who finances SBA Loans needs to have these qualifications: Foreign National: Borrowers need to be citizens of the United States or …
A person who wants to borrow from a lender who finances SBA Loans needs to have these qualifications: 1. EXPERIENCE – Requisite experience in the industry he is in or …
What are the qualifications for an SBA Loan? A Borrower (Business Owner) which wants to obtain an SBA Loan needs to have a working knowledge of these qualifications: 1. BORROWER …
This questions deals with the fee being paid a commercial mortgage broker when a loan closes with a lender who was introduced to the borrower by a broker. 1. You …
A person who wants to obtain an SBA Loan needs to have a working knowledge of these qualifications: BORROWER While there are many factors affecting the ability for a …
With few exceptions, the SBA Regulations does not limit the industry or business where the funds can be used or how the funds are used as long as its for …
VantageScore partnered with MagnifyMoney.com, an online financial education and comparison tool, to conduct research about how influential the revolving debt metrics are in consumer credit scores. Click here to find …
IRS notice response tips everyone should know: These 13 Tips can help practitioners and taxpayers respond effectively to notices from the IRS. Click here to go to the article …
Who: 1. Borrower has dreamed of owning a tavern 2. Borrower is a bank branch manager 3. Borrower has experience as a tavern chef 4. Borrower rents a residence and …
An Online Business is no different from any other business which offers a service and has little or no “hard assets”. Its about longevity and net cash flow (along with …
1. Yes, you can have an SBA Loan and a Separate Line of Credit. a) The SBA Loan will have a first lien position b) Most banks and SBA Lenders …
1. Let’s look at this from a bit different perspective. 2. What is the cash down payment to start up a gas station and do you need other collateral to …
Transaction Overview – Family Restaurant This borrower had worked hard to build his small family restaurant into a profitable business, but he was shut down at every turn when it …
Who: 1. Borrower owns and manages a banquet facility 2. Borrower has owned this business for five years 3. Borrower business income meets all loan requirements 4. Borrower has middle …
Who: 1. Borrower wants to refinance his business debt 2. Borrower went through a divorce to a trial 3. Borrower and Ex-Spouse were ordered to split the …