If you’re planning to start a business or expand an existing business, you might need financing help. SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan.
(PRWEB) May 17, 2015
Financial Poise's webinar series, "Business Borrowing Basics," is coming to a close with the final episode airing on May 27th at 10:00am CST.
Episode #4: SBA Loans
If you’re planning to start a business or expand an existing business, you might need financing help. SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan. This webinar will discuss SBA’s 504 Loan Program, a powerful economic development program that offers small businesses another avenue to obtain financing to buy a building, finance ground-up construction or building improvements, or purchase heavy machinery and equipment. This webinar will also discuss SBA’s 7a Loan Program, which provides loans to purchase an existing business, refinance existing business debt, or purchase furniture, fixtures and supplies. This type of loan is the most basic and the most used within SBA's business loan programs.
If you have missed part of this webinar series, remember that all Financial Poise webinars are available on demand at http://www.financialpoisewebinars.com
Past Episodes in this Series:
#1 Getting Ready to Secure a Loan
Cash is the lifeblood of any business and growing businesses almost always requires outside financing. This webinar discusses how a business can best prepare itself to obtain a conventional loan at a reasonable interest rate and on other reasonable terms.
#2 Negotiating a Loan Agreement
Lenders typically have an upper hand in negotiating with business borrowers because lending is what lenders do every day. This webinar is designed to help even the playing field by teaching business owners and executives about the typical provisions of a secured loan agreement.
#3 Alternative Financing
Banks decline to lend money to businesses for many reasons. Banks, however, are not the “only game in town.” This webinar focuses on “hard money” lenders and other alternative financing sources who serve borrowers unable to obtain conventional financing.
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