2022 SBA Loan Trends
In these uncertain times, looking toward the future can seem like even more of a guessing game than usual. Here are our predictions for SBA loan trends for 2022.
SBA Business Loans Versus ROBS: A Comprehensive Comparison
Two of the most common small business funding methods are loans from the U.S. Small Business Administration (SBA) and Rollovers for Business Startups (ROBS). Here’s how to tell which one is right for you:
How to Write a Business Plan That Will Get Approved for a Loan
If you need funding to start, expand, or acquire a business, you’ll need to know how to write a business plan for a loan.
What Do Low Interest Rates Mean for Starting a Small Business?
Interest rates have a major impact on small businesses. Currently, interest rates are very low by historical standards. What do low interest rates mean for small businesses and your plan to start one? Low Interest Rates: The Good News for Starting a Small Business Primarily, low interest rates are very good news for small business […]
Your Small Business Loan Document Checklist
If you’re in the market for a business loan, a US Small Business Administration (SBA) loan is one of the most advantageous financial sources for entrepreneurs. The most common loan offered by the SBA is known internally as a 7(a) loan, but because it’s the most widespread and flexible, it’s the one most people mean […]
Using ROBS to Fund Your Small Business While Keeping Your Job
There’s a better way to access your retirement funds to start or buy a business without triggering penalties. There’s even an option to use your current retirement funds as business capital without having to give your two weeks’ notice.
Your Rollovers for Business Startups (ROBS) and SBA Loan Timeline
Rollovers for Business Start-ups (ROBS) is a complex transaction that includes forming your own C Corporation, rolling your retirement funds into a new 401(k) plan, and using that plan to buy stock through a Qualified Employer Securities (QES) transaction. The benefits are worth the complexities and your ROBS provider (like Guidant) makes the process much […]
How to Move Past the Biggest Barrier That Holds Young Business Owners Back
Starting a business can already feel like a risky venture, and with the coronavirus pandemic creating uncertainty for the economy and the small businesses that fuel it, the stakes might feel especially high. For young, aspiring business owners with mounds of debt, the odds can feel stacked against them from the start. Millennials carry an […]
Do You Qualify for 401(k) Business Financing?
One of the biggest hurdles when it comes to starting a business is finding the money to make your dreams a reality. 401(k) business financing doesn’t require a down payment, interest, or a high credit score.