http://www.bizplancorner.com/ Tips on getting SBA loans easily

1. HOW TO GET AN SBA LOAN? www.BizPlanCorner.com– Call +1-800-351-0557 info@bizplancorner.com

2. Small business administration (SBA) is one of the most essential sources of financing for U.S. entrepreneurs. For entrepreneurs who are thinking to start a business or want to expand their already existing business, the SBA helps in getting short-term and long-term loans. www.BizPlanCorner.com

3. On the backend, there are the banks and other financial institutions who grant the loan. SBA guarantees it. So, before applying for an SBA loan, an entrepreneur has to satisfy lender’s requirement. www.BizPlanCorner.com

4. REQUIREMENTS for SBA: www.BizPlanCorner.com A STRONG BUSINESS PLAN Business plan is an essential document that SBA sees before granting the loan. A strong business plan helps entrepreneur to convince investors and lenders.

5. A STRONG BUSINESS PLAN Through the business plan, the SBA wants to see that as a business owner you have clear understanding of the market in which you are going to operate your business. The main and most important section of a business plan for SBA is financial projection; this sections let them know that you have enough potential to make money that you can at least cover monthly payments. www.BizPlanCorner.com

6. THE BORROWER MUST HAVE A STAKE IN THE BUSINESS It is necessary that you have some money of your own as a stake in the business According to them, the only thing that helps entrepreneur to succeed is the amount of money they put into the venture. It is essential to invest 25% to 50% before asking for loan from SBA. www.BizPlanCorner.com

7. A GOOD PERSONAL CREDIT RATING The credit history acts as an estimation of how much credit an entrepreneur wants to start or expand a business. The SBA partner banks and other financial institutions usually conduct a credit examination before granting the money. The SBA also sees the financial statements of your partners, board of directors and other important people associated with the business. www.BizPlanCorner.com

8. ENTREPRENEUR’S BACKGROUND AND EXPERIENCE Business plan’s “management” or “people” section is the most important part for banks and SBA guaranteed loans. By looking at it, they will make sure that the management team has all the potential for running a business successfully. www.BizPlanCorner.com

9. CONCLUSION Businesses aged more than 2 years usually have a better chance of getting loan from SBA. To get an SBA loan, it is necessary that the business should have solid business plan that acts as a road map to success. www.BizPlanCorner.com

10. www.BizPlanCorner.com– Call +1-800-351-0557 info@bizplancorner.com THANK YOU