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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

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 to service everything you might be able to get into some sort of some sort of tourniquet financing I don't heavily recommend that I could help you I could recommend some places for you to do that but if you want to do an SBA loan there are two main types of SBA loans there's the 7a and then there's the junk and you don't want to mess with the 504 SB you want to get the seven a you want a seven a I'm not gonna go into all kinds of detail about why the 7a is financially better for you but you want the 7a loan that's the good one if you walk into your local bank you say can you get me a 7a loan are you a preferred lender with the SBA if they say no to either of those you don't want to do business with them you need your bank to say yes I can get you a 7a loan yes we are a preferred lender with the SBA so those are the two things you want to ask your banker if if you're unsure about that I will be happy to recommend.

FAQ

How do I schedule a US visa interview of two people together after filling out a DS160 form?
Here is a link that might help answer your question DS-160: Frequently Asked QuestionsFor more information on this and similar matters, please call me direct: 650.424.1902Email: heller@hellerimmigration.comHeller Immigration Law Group | Silicon Valley Immigration Attorneys
How can I fill out Google's intern host matching form to optimize my chances of receiving a match?
I was selected for a summer internship 2016.I tried to be very open while filling the preference form: I choose many products as my favorite products and I said I'm open about the team I want to join.I even was very open in the  location and start date to get host matching interviews (I negotiated the start date in the interview until both me and my host were happy.) You could ask your recruiter to review your form (there are very cool and could help you a lot since they have a bigger experience).Do a search on the potential team.Before the interviews,  try to find smart question that you are going to ask for the potential host (do a search on the team  to find nice and deep questions to impress your host). Prepare well your resume.You are very likely not going to get algorithm/data structure questions like in the first round. It's going to be just some friendly chat if you are lucky. If your potential team is working on something like machine learning, expect that  they are going to ask you questions about machine learning, courses related to machine learning you have and relevant experience (projects, internship). Of course you have to study that before the interview. Take as long time as you need if you feel rusty. It takes some time to get ready for the host matching (it's less than the technical interview)  but it's worth it of course.
How do I fill out the form of DU CIC? I couldn't find the link to fill out the form.
Just register on the admission portal and during registration you will get an option for the entrance based course. Just register there. There is no separate form for DU CIC.
What are the good ways to fill out 1120 form if my business is inactive?
While you might not have been “active” throughout the year, by filing a “no activity” return you may be throwing away potential deductions?  Most businesses (even unprofitable ones) will have some form of expenses ‡ think tax prep fees, taxes, filing fees, home office, phone, etc.  Don’t miss out on your chance to preserve these valuable deductions.  You can carry these forward to more profitable years by using the Net Operating Loss Carry-forward rules.  But you must report them to take advantage of this break. If you honestly did not have any expenses or income during the tax year, simply file form 1120 by the due date (no later than 2 and one half months after the close of the business tax year ‡ March 15 for calendar year businesses).  Complete sections A-E on the front page of the return and make sure you sign the bottom ‡ that’s it?
What forms should I fill out to start a business?
From a legal business entity standpoint, one does not normally have to file any forms with the state the business is located in to be considered a sole proprietor (SP). However, this highly unadvisable since a SP provides no liability protection.The most popular, and most advisable business entities are a Limited Liability Company (LLC) and a Corporation. These entities are state created entities meaning that you must file the necessary paperwork in the state where you will have the business headquarters. The state’s secretary of state’s office will have all the necessary documents, forms, and rules needed to create the entity of your choice. You will also have to pay a filing fee.It is important that you further discuss the issue with experienced counsel as they will be able to help you decide which entity is best for you, and help you with the filing.
What happens to all of the paper forms you fill out for immigration and customs?
Years ago I worked at document management company.  There is cool software that can automate aspects of hand-written forms.  We had an airport as a customer - they scanned plenty and (as I said before) this was several years ago...On your airport customs forms, the "boxes" that you 'need' to write on - are basically invisible to the scanner - but are used because then us humans will tend to write neater and clearer which make sit easier to recognize with a computer.  Any characters with less than X% accuracy based on a recognition engine are flagged and shown as an image zoomed into the particular character so a human operator can then say "that is an "A".   This way, you can rapidly go through most forms and output it to say - an SQL database, complete with link to original image of the form you filled in.If you see "black boxes" at three corners of the document - it is likely set up for scanning (they help to identify and orient the page digitally).  If there is a unique barcode on the document somewhere I would theorize there is an even higher likelihood of it being scanned - the document is of enough value to be printed individually which costs more, which means it is likely going to be used on the capture side.   (I've noticed in the past in Bahamas and some other Caribbean islands they use these sorts of capture mechanisms, but they have far fewer people entering than the US does everyday)The real answer is: it depends.  Depending on each country and its policies and procedures.  Generally I would be surprised if they scanned and held onto the paper.   In the US, they proably file those for a set period of time then destroy them, perhaps mining them for some data about travellers. In the end,  I suspect the "paper-to-data capture" likelihood of customs forms ranges somewhere on a spectrum like this:Third world Customs Guy has paper to show he did his job, paper gets thrown out at end of shift. ------  We keep all the papers? everything is scanned as you pass by customs and unique barcodes identify which flight/gate/area the form was handed out at, so we co-ordinate with cameras in the airport and have captured your image.  We also know exactly how much vodka you brought into the country. :)
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