Small Business Boomers

In my last post today, I talked about a new course from the SBA describing the types of loans they have available.  Here is the second new course from the SBA.
The second one, How to Package a Loan Request,  discusses the requirements for putting together a loan.
It also includes a list of “realities” about small business loans that is worth noting:
Reality 1:  There is no such thing as 100% financing.  You will be required to put something into the business, sometimes “sweat equity,” but usually cash.
Reality 2: Your credit history is important.  If you have a great credit history- 650 …read more

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Over the next few days, I’ll be providing information on getting a loan for your small business – you know, the one you want to start after you “retire.”
First,  the Small Business Administration has two new online courses (really just PowerPoints) that provide information about the types of loans available and how to package a loan.
The Guide to the SBA Small Business Loan Programs gives you information on the types of loans available from the SBA, including their basic 7(a) loan, specialized loans (for women, minorities, veterans, etc.), and Micro-loans (small loans under $35,000).
Next, how to package a loan request….

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