What it really takes to apply for and secure a small business loan

[dealmaker]

What it really takes to apply for and secure a small business loan

Whether at the beginning of their business venture or well down the line, at some point, most entrepreneurs and small business owners will find themselves in need of financing. (All Business)

 

[dealmaker]

SBA Administrator McMahon says small business options improving

One person who is decidedly optimistic about the American small business economy is Small Business Administration (SBA) Administrator Linda McMahon, who built several businesses before becoming the head of the SBA. (Small Business Trends)

 

[dealmaker]

Denver leads U.S. in small-business job growth in June

Despite national job and wage growth slowing in June, Denver was No. 1 in terms of job growth and No. 3 in the U.S. for wage growth, according to Paychex’s monthly IHS Markit Small Business Employment Watch report. (Denver Business Journal)

 

[murray t turtle]

What it really takes to apply for and secure a small business loan

Whether at the beginning of their business venture or well down the line, at some point, most entrepreneurs and small business owners will find themselves in need of financing. (All Business)

&&
Plenty of sb , deal maker,do not need [need ]a bank loan , ,service types. Plenty of them want a loan to waste money- like on a new auto.......A bank is a good place for savings or cash a check for free.

 

[CaptainObvious]

I would advise anyone who is looking for an SBA type loan to get some assisatance as the paperwork is extensive and like all government documents, one little mistake and they'll kick it back. Back in 1989 when I started my first "legit" business I had the good folks at Governors State Universty help me.
https://www.wbdc.org/entrepreneuria...ness-development-government-state-university/
I would suspect every state has similar help at a university. Don't know what it is now but a SBA backed loan used to require that the borrower put of 30% of the projected money needed for start up. Say your business plan calls for 100K start up, you'll need 30K and the bank you're using, backed by the SBA, will loan the other 70K. One other thing is to have your projections as reality based as possible, backed up with factual data. Too much blue sky with nothing more than hey, it's a great idea, and you'll walk away empty handed.

 

[dealmaker]

Trump donates second quarter salary to SBA, White House says

The Small Business Administration received a donation from President Donald Trump, which totaled out to the amount of his 2018 second quarter salary, the White House announced on Wednesday. (CNBC)

 

[dealmaker]

Small business hiring remains erratic in October, ADP says

NEW YORK (AP) — Small business hiring slowed in October, continuing a pattern of erratic job growth that began early this year. (Daily Herald)

 

[dealmaker]

Small businesses seeking seasonal help need to get creative

Small businesses are having a harder time finding holiday staffers this year as they try to compete with big players like Amazon for a shrinking labor pool. Human resources consultants say owners need to get creative in where they look, and what they offer prospective hires. (Seattle Times)

 

[dealmaker]

How your business can land a lucrative government contract

Entering the world of government contracting or corporate contracting to big businesses can take your small business to a whole new level. A government or corporate contract provides regular business, burnishes your reputation and can also be incredibly rewarding. (All Business)

 

[dealmaker]

What’s the magic number for cash in a small business?

Ask any small business owner and we’ll tell you that having plenty of cash in the bank is probably the most important indicator of our financial health. But managing cash flow continues to be one of the biggest issues we face. (Philadelphia Inquirer)