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Is SBA Loan Only To New Businesses?

I am a small business owner; my question is SBA loan only to new business or also to previously existing businesses?

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No, SBA Loans can be used for absolutely any small business enterprise purpose, such as: property improvements, business equipment purchases, business growth, buying real estate, building a brand new facility or purchasing a further business enterprise etc. For more and more information you can visit below link.
http://springfi.com/

Posted on Aug 27, 2016

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No. Merchant Advisors provides SBA loans to a lot of new and established companies to allow them to grow and expand.

Posted on Apr 16, 2015

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Posted on Jan 02, 2017

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Where can I get a working-capital loan in India?


Small businesses require working capital that would suffice to cover their operation cost as well as daily expenses so as to survive in the market. With growing competition, businesses, now-a-days, are looking options for easily accessible working capital loans.
SBA loans, short term online loans, invoice factoring, crowd funding and peer2peer loans are some of the options available for the working capital loans for small business. Once the decision is made on for the reason for the consideration of the loan, value of the loan, credit score and repayment term and conditions of the loan, there are lots of online options like Capital Float available for the working capital loan in India. Capital Float is a renonwened name in the market as a provider of flexible short terms loans to small businesses with minimum hassle and a loan disbarment time duration of 72 hours with an online access for the loan approval process.

Apr 27, 2017 | Computers & Internet

2 Answers

What Can An SBA Loan Be Used For?


Hi,
You could use the SBA loan for the following purposes
  • To provide long-term working capital to use to pay operational expenses, accounts payable and/or to purchase inventory
  • Short-term working capital needs, including seasonal financing, contract performance, construction financing and exporting
  • Revolving funds based on the value of existing inventory and receivables, under special conditions
  • To purchase equipment, machinery, furniture, fixtures, supplies or materials
  • To purchase real estate, including land and buildings
  • To construct a new building or renovate an existing building
  • To establish a new business or assist in the acquisition, operation or expansion of an existing business
  • To refinance existing business debt, under certain conditions.
  • Following are the situations you can't use a SBA loan
  • To refinance existing debt where the lender is in a position to sustain a loss and SBA would take over that loss through refinancing
  • To affect a partial change of business ownership or a change that will not benefit the business
  • To permit the reimbursement of funds owed to any owner, including any equity injection or injection of capital to continue the business until the SBA-backed loan is disbursed
  • To repay delinquent state or federal withholding taxes or other funds that should be held in trust or escrow
  • For a purpose that is not considered to be a sound business purpose as determined by SBA
  • If you are unsure whether or not your anticipated use of funds is allowed, check with your SBA-approved lender

Aug 08, 2016 | The Computers & Internet

1 Answer

What Type Of Advantages Does The SBA 504 Loan Offer?


With low down payments and low, fixed, long term interest rates, the SBA 504 loan allows businesses retain working capital. It eliminates the uncertainty associated with refinancing and balloon payments, enabling long-term planning and business enterprise expansion. For lenders, the loan gives lower risk through shared financing, a low loan-to-value ratio and the capability to earn CRA credit.

Mar 15, 2016 | The Computers & Internet

1 Answer

What Types Of Businesses Are Eligible For SBA 504 Loan?


Companies have to be for-profit with a tangible net worth not exceed $15 million and net profit after taxes more than $5 million throughout the last two years. The loans are available to business owners or multiple proprietors partnering on an undertaking. The SBA 504 loan program serves an extensive range of business, from automobile repairing shops to online businesses, manufacturers, daycare centers, hotels and motels, warehouses and veterinary clinics.

Feb 25, 2016 | Computers & Internet

1 Answer

What Are The Earning Requirements On Business Loans For Small Businesses?


Companies that are eligible for an SBA loan normally have $5,000 to $5 million in annual revenue, and 1 to 40 workers. The majority of companies are lucrative and cash flow positive. All can show that they'll make our monthly loan obligations.

Jan 01, 2016 | Retail Supplies

1 Answer

Why Should I Think About An SBA 504 Loan?


The Small business Administration 504 Loan program offers benefits to smaller businesses. The advantages include low lower payment (permitting the small company to preserve capital), longer terms, and bigger loans than might be available via a conventional loan.

Aug 12, 2015 | Computers & Internet

2 Answers

I Am A Franchise Owner. Can I Qualify For An SBA Loan?


Yes. Many franchise businesses be eligible for an SBA loan. After making a free account, you'll have the ability to rapidly see if your franchise is qualified or not.

Apr 15, 2015 | Computers & Internet

1 Answer

How Do I Determine If My Business Is Qualified For An SBA Loan?


notify or go to sba agency's site and look at the qualifications

Jul 06, 2017 | The Computers & Internet

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