ThinkSBA
ThinkSBA is a Nationwide SBA 504 and 7a Loan Brokerage serving small business and entrepreneurs purchasing owner occupied real estate, acquiring a business or franchise or buying out a partner.
All You Need To Know About Collateral The answer to this question is yes and no. The reason why it isn’t black and white is because it largely depends on a few variables. So let me bring some clarity to this question. If you are requesting a working capital loan less than $350,000 then it’s …
SBA Loan Timing There are many factors that determine how long it takes to apply for and close an SBA guaranteed loan. These factors include the experience and competence of your banker, the banks loan pipeline density at the time of your application, sufficient staffing levels, the banks internal processes including whether the bank uses …
SBA Guaranteed Loan The SBA, or Small Business Administration, is a Federal Government Guarantee Program that incentivizes banks to make loans to businesses who would otherwise not qualify for various reasons, such as, lack of time in business, experience or personal liquidity, or poor credit history etc. The SBA incentivizes partner banks by guaranteeing between …
The Small Business Administration (SBA) is a federal guarantee program designed to incentivize banks to make loans to small businesses that are considered high risk. The SBA is not a direct lender. That means the SBA mitigates risk for participating banks by guaranteeing up to 75% of the outstanding principal loan balance. In case of …
No one applies for a loan thinking they’ll be declined but it happens everyday. Familiar Territory It goes something like this. You’re at your desk making plans for that newly minted line of credit you’ve applied for when suddenly you feel the familiar vibration of your phone against your leg, It’s your banker. You’re a …
I’ve never met a small business owner who wanted to stay small. On the other hand, I’ve met more than my share that do things everyday to ensure they will stay small. So if you’re a small business owner that has been small for too long pay attention to the following five things small business …
