Nonprofit Loans for Small Business: Unlocking Funding Opportunities for Growth
Nonprofit organizations often face specific challenges when seeking loans.
Small Business Loans
Latest articles on small business best practices, lending, and more by Ryan Smith, Principal and Founder of ThinkSBA.
Alternatives to SBA Loans: Exploring Financing Options for Small Businesses
Alternative financing options provide small businesses with various avenues to acquire the capital they need
SBA Loan Process Step by Step: A Comprehensive Guide for Small Business Owners
SBA loans are designed to provide financial support to small businesses through various programs tailored to meet specific needs.
SBA 504 Rates: Understanding Current Trends and Impact on Small Business Financing
The SBA 504 Loan Program is designed to support small businesses seeking long-term financing for significant fixed assets
SBA 504 Loans To Buy Owner User Real Estate with Ken Rosenthal | Ep. 15 | My SBA Loan Pro Podcast
In this episode, Ken Rosenthal shares expert insights on why business owners should consider purchasing their commercial property and the best financing options available, including SBA 7a and 504 loans. Learn how owning your building provides stability, tax benefits, and long-term investment potential. Ken breaks down the differences between conventional loans, SBA programs, and other …
Demystifying Group Health Benefits with Jim Morrison | Ep. 13 | My SBA Loan Pro Podcast
In this episode of the My SBA Loan Pro podcast, Ryan chats with Jim Morrison—one of the best in the business when it comes to employer benefits. We dive into group health insurance and cover everything business owners need to know, from staying compliant to finding the right coverage for their team. Jim drops a …
Your Personal Credit and SBA Loan Eligibility
When you’re considering applying for an SBA loan, understanding how your personal credit impacts your eligibility is essential. The SBA, or Small Business Administration, provides support to small businesses through a variety of loan programs, including the popular SBA 7(a) and 504 loans. These loans are not directly issued by the SBA but through participating …
Innovative Uses of SBA 504 Loans Beyond Real Estate
The Small Business Administration (SBA) 504 loan program is widely recognized as a pivotal financial tool designed to help small business owners acquire real estate or long-term financing. However, there are numerous ways to use an SBA 504 loan. With lower interest rates and favorable down payments, these loans offer a robust platform for small …
Buy Gas Station With An SBA Loan
The future of gas stations in the United States is undergoing significant transformation due to evolving trends and advancements in transportation. With the increasing adoption of electric vehicles (EVs) and the push for cleaner energy sources, gas stations are likely to adapt and offer alternative fuel options. We can expect to see the integration of …
How To Prepare To Apply For An SBA Loan
Preparing to apply for a Small Business Administration (SBA) loan can be a lengthy and detailed process, but it is essential to ensure that your application is approved. Here are some steps you can take to prepare for an SBA loan application: By taking these steps, you can prepare a strong application for an SBA …
SBA Standby Creditor’s Agreement Form 155
Contrary to popular opinion SBA Loans are quite flexible. Case in point, The SBA Standby Creditor’s Agreement. This Agreement establishes the interest rate and loan terms of a promissory note between the buyer, referred to as the Standby Borrower and the Seller, referred to as the Standby Creditor, to mitigate three fundamental credit weaknesses in …
The Gift Letter
The Gift Letter There are many instances where borrowers applying for an SBA loan to purchase real estate, acquire a business or franchise or obtain working capital for growth do not possess the required 10% minimum equity injection. The good news is that the SBA permits the applicant to receive a monetary gift to assist …