Monday, December 23, 2013

How to Get a Business Loan

If you think a business loan might be part of your plans for next year, check out the SBA's 6-step guide on "How to Get a Business Loan." It will guide you through six important questions:
  1. What criteria do banks look for in making small business loans?
  2. What information will you need?
  3. How can you set yourself up from the beginning to make the process easier? (i.e. accounting systems, etc.)
  4. What is the typical size of a small business loan?
  5. How can you get financing to start a business since many banks want to fund growth?
  6. Are there associations that can help?
The answer to that last question, of course, is yes.

SBA works closely with a large network of partners that leverage SBA resources, including Women’s Business Centers (WBC), such as E-Magnify.  

As a Women's Business Center, E-Magnify provides direct client counseling for women interested in starting a business or growing an existing business. Contact us to learn more and to schedule a no-cost counseling session.

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Funded in part through a cooperative agreement with the U.S. Small Business Administration.