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

Types of SBA Loan Programs – An Introduction

By Tanya Farmer on Nov 14, 2015 7:03:44 AM

As we have established thus far, the U.S. Small Business Administration (SBA) is designed to help you get the funding you need to start, purchase or expand your small business. Though the SBA does not lend money directly, it does back and supervise the lending process, removing much of the uncertainty for both lenders and applicants alike. This article provides a brief overview of each of the SBA’s four main loan programs. I will be discussing each loan program in more detail at a later date.

Topics: Buyers Business Owners Consulting Services Small Business Administration
2 min read

What is the Small Business Administration (SBA)?

By Justin Farmer on Jul 10, 2015 8:20:49 AM

As my first article on the Small Business Administration “Buying a Business is Easy: 5 Steps to Secure SBA Financing” received so much attention, it seems prudent to continue delving into this topic. This will therefore be the first in a small series on just that. Stay tuned.

Topics: Buyers Business Owners Small Business Administration