4 min read

2023 SBA SOP Changes

By Private Practice Transitions on Jul 18, 2023 11:30:00 AM

The US Small Business Administration (SBA) assists eligible borrowers in accessing SBA-backed financing. The loan guarantees competitive terms, lower down payments, and continued customer support, depending on the lender. It is, therefore, the best option for starting a business if you don’t have capital or if you require cash to expand an ongoing business.  

Topics: SBA Loans Small Business Administration
4 min read

SBA New SOP 50 10 7 Changes: What You Need to Know

By Private Practice Transitions on May 30, 2023 1:28:32 PM

Capital access is one of the most prominent hurdles startups and small enterprises face when running their businesses. The Small Business Administration (SBA) assists small businesses to stay afloat by providing financial counseling, contracting expertise, and business loans. It runs several programs and offers various resources to help these businesses to break even and remain viable. 

Topics: SBA Loans SBA Financing Small Business Administration
2 min read

Buying a Business Is Easy: 5 Steps To Secure SBA Financing

By Justin Farmer on Apr 21, 2015 2:40:21 PM

One of the most daunting aspects of striking out on your own is the inherent financial insecurity. You are exchanging constraint and stability for freedom and risk. Hesitance is normal, but it should not stop you from chasing your independence, especially when there are government agencies designed to help. One of these is the government-backed U.S. Small Business Administration (SBA). The SBA’s business financing programs “[provide] small business with an array of financing…from the smallest needs in microlending – to substantial debt and equity investment capital.” The most common SBA small business loan allotment is about $130,000-140,000. Yet they range from just $5,000 to $5,000,000.

Topics: Buyers SBA Loans SBA Financing