Hi I am Taylor Moffett of Holley bean with Kelso us and this video is about how you can get an SBA loan and not just any SBA loan how you can get the best SBA loan you've got to have a couple of things to qualify number one you've got to have some real estate associated with it the real estate is what secures your SBA loan you can't do an SBA loan with just renting a property or working out of your home can't be residential it's got to be a commercial property to be an SBA loan number two you have to have some down payment money you've got to have 30 percent if you don't have 30 percent you might be able to get away with 20% if the seller of the business you're buying is willing to carry back ten but you're still gonna have to have a minimum of 20% to get any type of an SBA loan you can do SBA loans up to two million dollars you should probably look at a minimum of a couple hundred thousand dollars for an SBA loan the other thing that you have to have is a personal guarantee on your SBA loan you may have to have a reasonable amount of fair credit you can't have nasty horrible I'm in the middle of a bankruptcy kind of bleeding everywhere financially credit you've got to have something decent to show the bank and the business itself has to be profitable you can't have a clinker business that is hemorrhaging cash losing money all over the place and you're gonna go get an SBA loan to bail you out that will not work if you have a business that has income coming in but you're not able...
Award-winning PDF software
Sba schedule of business debt Form: What You Should Know
SBA Form 5 This information should be included for the purpose of completing a Disaster Loan program with the SBA.
online solutions help you to manage your record administration along with raise the efficiency of the workflows. Stick to the fast guide to do Sba Form 1368, steer clear of blunders along with furnish it in a timely manner:
How to complete any Sba Form 1368 online: - On the site with all the document, click on Begin immediately along with complete for the editor.
- Use your indications to submit established track record areas.
- Add your own info and speak to data.
- Make sure that you enter correct details and numbers throughout suitable areas.
- Very carefully confirm the content of the form as well as grammar along with punctuational.
- Navigate to Support area when you have questions or perhaps handle our assistance team.
- Place an electronic digital unique in your Sba Form 1368 by using Sign Device.
- After the form is fully gone, media Completed.
- Deliver the particular prepared document by way of electronic mail or facsimile, art print it out or perhaps reduce the gadget.
PDF editor permits you to help make changes to your Sba Form 1368 from the internet connected gadget, personalize it based on your requirements, indicator this in electronic format and also disperse differently.
Video instructions and help with filling out and completing Sba schedule of business debt form
Instructions and Help about Sba schedule of business debt form
Show details
If you believe that this page should be taken down, please follow our DMCA take down process here.