answersLogoWhite

0

your local bank should have documentation for a sba 7a loan. Barring that, the government does have a pretty nice website outlining most details about the sba 7a loan program. Be prepared to provide a lot more personal information than most business loans require. SBA loans require personal collateral equal or greater than the amount of money you wish to borrow. Years ago, I decided against a SBA after determining it would cost more (in my time to prepare the paperwork in addition to the interest) than a traditional commercial loan.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Finance

How can you get a sba 7a loan fast?

Provided you have the proper identification, you can get a fast sba 7a loan by applying online. You can also ask your local bank if they provide sba 7a loans too.


How do you apply for a sba 7a loan?

You would need to locate an institution that offers Small Business Administration loans and depending on the type you apply for depends on what information will be collected and used in the loan process.


How can you get approved for a sba 7a loan?

In order to qualify for a SBA 7(a) loan your small business will need to meet very specific criteria. These loans are for businesses that export abroad, or operate in rural areas.


How do you go about obtaining a sba 7a loan?

The Small Business Administration makes special loans available to a variety of businesses; the 7(a) loans are for a range of special purposes like businesses that are located in rural areas or that export certain products. The SBA has a list of lenders who are approved to distribute these loans and can help you find what's called a "Community Advantage" Lender to process your loan application.


What is the best bank for a small business?

This depends on how you define "best". Wells Fargo Bank is the largest lender to small business, and in most markets is the leader in SBA 7A lending as well. If your definition of "best" is more regarding least expensive, generally, community banks are less expensive than big name banks. If range of services is involved in your definition, big banks are going to be the winner. All major bank names have a suite of services to cover your small business needs. These services include, but are not limited to: Merchant processing, Payroll Processing, AR/AP Management, Mobile or Desktop Deposit. All of these services can be very useful to small businesses. Ultimately, the answer to this question depends on where you find value. Remember, cost becomes important in the absence of value.

Related Questions

How can you get a sba 7a loan fast?

Provided you have the proper identification, you can get a fast sba 7a loan by applying online. You can also ask your local bank if they provide sba 7a loans too.


How do you apply for a sba 7a loan?

You would need to locate an institution that offers Small Business Administration loans and depending on the type you apply for depends on what information will be collected and used in the loan process.


How can you get approved for a sba 7a loan?

In order to qualify for a SBA 7(a) loan your small business will need to meet very specific criteria. These loans are for businesses that export abroad, or operate in rural areas.


How do you go about obtaining a sba 7a loan?

The Small Business Administration makes special loans available to a variety of businesses; the 7(a) loans are for a range of special purposes like businesses that are located in rural areas or that export certain products. The SBA has a list of lenders who are approved to distribute these loans and can help you find what's called a "Community Advantage" Lender to process your loan application.


How can you find stp answer 7a online?

no


2a plus 5a simplified?

7a


Solve the equation 9a-a equals 19 plus 7a?

9a-a = 19+7a 8a = 19+7a 8a - 7a = 19 + 7a - 7a 1a = 19 a = 19


Where can you find DoD FMR 7000.14 Vol 7A?

You will find Department of Defence Financial Management Regulation, Volumne 7A: Military Policy and Procedures - Active Duty and Reserve Pay at the related links.


How do you find the sum or difference of (5a2 plus 6a plus 2)-(7a2-7a plus 5)?

Combine like terms, adding/subtracting the coefficients: (5a² + 6a + 2) + (7a² - 7a + 5) = (5+7)a² + (6-7)a + (2+5) = 12a² - a + 7 (5a² + 6a + 2) - (7a² - 7a + 5) = (5a² + 6a + 2) + (-7a² + 7a - 5) = (5-7)a² + (6+7)a + (2-5) = -2a² + 13a - 3


What is the greatest common factor of 28a and 49ab?

7a 7a * 4 = 28a 7a * 7b = 49ab


What Is 7a plus 3 equals 21?

It's a simple linear equation in 'a'.If you want to know the value of 'a' that makes the equation true,you can find it as follows:7a + 3 = 21Subtract 3 from each side:7a = 18Divide each side by 7:a = 18/7


Simplify each expression 7a a?

7a+a=8a