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Until recently leasing companies wouldn't even think about financingtransactions that included so-called "soft costs" such as custom software.Financing for hard collateral equipment were the only programs available.Now however, leasing companies are ...
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The most popular method of financing a home purchase is with a mortgage. This is a loan that is secured over the home. There are a number of different mortgage suppliers and you will have to shop around in order to get the best deal. Given that your home ...
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An SBA loan, regardless of whether it is a direct loan from the SBA, or, as is more common, a bank loan guaranteed by the SBA, is essentially a bank loan. The benefit of it versus a traditional bank loan is the rate. SBA rates are typically much less than traditional business loan rates.
In most cases, in a guaranteed SBA bank loan, the SBA guarantees 90 percent of the loan will be repaid to the bank. As such, banks are at much less risk than in most other loans, and are a bit more flexible with regards to who they offer these loans. However, the SBA usually requires the founders of the company to personally guarantee the loans, which makes them risky should the venture collapse.
Alternatively, Small Business Investment Companies (SBICs) are privately organized corporations that are licensed and regulated by the SBA. Small or emerging businesses which qualify for assistance from the SBIC program can receive equity
capital and/or long-term loans from these companies. Essentially, these companies provide their own capital, which is supplemented by federal funds, to the companies they fund.
Interestingly, U.S. taxpayers benefit from the SBIC program as tax revenues generated from successful SBIC investments have more than covered the cost of the program. Likewise the program has created hundreds of thousands of jobs.
In summary, SBA and SBIC financing are viable alternatives to financing from angel investors and venture capitalists and should be considered in the capital raising process. Similarly to angel and VC financing, companies seeking SBA and SBIC financing need a strong management team and value proposition, and a highly professional and compelling business plan in order to raise the capital they need.
About the Author
As President of Growthink Business Plans, Dave Lavinsky has helped the company become one of the premier business plan development firms. Since its inception, Growthink has developed over 200 business plans. Growthink clients have collectively raised over $750 million in financing, launched numerous new product and service lines and gained competitive advantage and market share.
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Pressure on banks to shed bad realty loansGulf TimesEurope's banks face growing pressure to offload bad property debt as the economic outlook worsens, capital rules get tougher and private equity firms take a hard-headed approach to the value of loan books bought from lenders like Royal Bank of Scotland ...and more » |
Oman Daily Observer |
The dream of loan waiverOman Daily ObserverBy Majed Al Sulaimany — In the end no one will be s By Huda al Jahwariya - It is difficult to find an equation to this day regarding the dream of waving loans, which is an extension of another dream known by most of us. In the past we used to enquire ...and more » |
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Local students struggle less with debtHouma CourierMore students nationally are having trouble paying back their student loans, a new report says, although Houma-Thibodaux's students seem to be faring better. A nationwide survey of bankruptcy attorneys unveiled this week found that more than four out ...and more » |
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