Tag : Loans

Best Small-Business Loans for Veterans 2016 #small #business #payroll


#business loans for veterans

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Best Small-Business Loans for Veterans 2016

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Finding a small-business loan is a tough task for any entrepreneur. Bad credit, a lack of collateral and limited business history are all obstacles that small businesses may face. Funding can be an even bigger challenge for U.S. military veterans, whose financial history may have gaps because of their time in active service.

Despite these challenges, many veterans decide to become their own boss after serving their country. About 1 in 7 veterans is self-employed or a small-business owner, according to the Institute for Veterans and Military Families at Syracuse University.

To help overcome the financing hurdle, we’ve rounded up some of the best small-business loan options for veterans based on personal credit score:

Small-business loans for veterans if you have a 500+ personal credit score

For startups and younger small businesses, lenders typically base lending decisions on the owner’s personal credit. This could be an issue for veterans who did not get a chance to build their credit during military service.

If your credit is lacking, Kabbage offers a line of credit that does not require a minimum credit score to qualify. You will need, however, at least $50,000 in annual revenue. If your credit score is 500 or higher and your business generates at least $100,000 in annual revenue, you could get a less expensive loan with OnDeck. The lender offers an APR starting at 9%, up to 98%, compared with Kabbage’s 32% to 108%.

Small-business loans for veterans if you have a 600+ personal credit score

For companies with at least one year in business and low revenue starting at $25,000 StreetShares is a good choice, with APR starting at 9%.

If your business is generating at least $150,000 annually, you will get a greater range of financing products with Dealstruck, which offers term loans, an inventory line of credit and an asset-based line of credit. Also, Dealstruck could be a cheaper financing option, with APRs from 10% to 28%, while StreetShares’ APR maxes out at 40%.

Before you apply for a StreetShares loan, find out whether you meet the lender s minimum qualifications.

  • 600+ personal credit score.
  • 1+ year in business.
  • $25,000+ in annual revenue.*
  • No bankruptcies in the past three years.
  • No current tax liens or collections (unless you have proper documentation).

You only need 6 months in business if you have $100,000+ in revenue.
StreetShares is currently unavailable to borrowers in North Dakota or South Dakota.

Before you apply for a Dealstruck loan, find out whether you meet the lender s minimum qualifications.

  • 600+ personal credit score.
  • 1+ year in business.
  • $150,000+ in annual revenue.
  • Breaking even or profitable.
  • Personal guarantee and a lien on business assets required.

Looking to expand? SmartBiz has the lowest borrowing costs among online lenders. The lender provides SBA loans with 7% to 8% APR for businesses with strong finances. With a repayment term of 10 years, SmartBiz is a good choice for purchasing real estate or equipment, refinancing high-interest debt or acquiring another business. Qualifying can be tough, however, since you have to meet the SBA’s stringent requirements (including about a dozen required documents). Lending Club is a good option for expansion capital if you don’t qualify for SmartBiz. You need at least $75,000 in annual revenue to qualify. The company offers competitive rates (8% to 32% APR) and repayment terms of one to five years.

Before you apply for a SmartBiz loan, find out whether you meet the lender s minimum qualifications.

  • 600+ personal credit score.
  • 2+ years in business.
  • $50,000+ in annual revenue.
  • Personal guarantee required.
  • No outstanding tax liens.
  • No bankruptcies or foreclosures in last three years.
  • No recent charge-offs or settlements.
  • Must be current on government-related loans.

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Loans and Finance #business #loan #calculator


#business loans

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LOANS FINANCE

Commercial Mortgage

  • Apply for a minimum of 25,001 and choose a loan term from three to 25 years.
  • Borrow up to 70% of the property value. In some cases we can lend more.
  • Choose between a bank rate linked or fixed interest rate.
  • Capital repayment holidays of up to two years may be available on bank rate linked mortgages.
  • If you wish to borrow on other terms we may still be able to help you.

Residential Buy-to-let Mortgage

  • Mortgages start from 25,001.
  • Choose a mortgage term from three to 25 years.
  • Borrow up to 70% of the property value and in some cases we can lend more.
  • Bank rate linked and fixed rates available.
  • A capital repayment holiday may be available for up to 12 months (to be taken at the start of the loan).

1 8 out of 10 relates to loans and overdrafts in the period November 2013 to March 2016 .

2 There is always a possibility that interest rates may go down leaving a fixed rate loan at a higher level compared to a variable rate loan. However, if interest rates rise, a fixed rate loan will remain at the same level.

3 Capital repayment holidays available in certain circumstances only.

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

We subscribe to The Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk .

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.



Does OnDeck Offer Unsecured Business Loans? #business #partners


#unsecured business loans

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OnDeck

Does OnDeck Offer Unsecured Business Loans?

OnDeck loans are secured by a general lien on business assets but are not dependent upon the value of specific assets, unlike traditional bank loans

Interested in financing for your business? Get a true loan decision in minutes with OnDeck.

Many small business owners are interested in a loan or line of credit for their business, but don’t have enough specific collateral that a bank may require, such as real estate, inventory or other hard assets.

Banks generally underwrite loans based on the value of specific assets and take liens on those specific assets. In this way, the bank can significantly reduce its lending risk. This process can be difficult for business owners whose assets are not valued highly by a bank or whose assets are difficult to value or sell.

Why are OnDeck loans different?

OnDeck makes loan approvals to small businesses based on business fundamentals like cash flow, not based on the value of business assets. OnDeck has a proprietary way of determining who it lends to – the OnDeck Score® – which focuses on the overall health of your business. The existence of specific hard assets doesn’t factor in our analysis of business health. When a small business takes a term loan from OnDeck, a general lien is placed on the business’s assets until the loan has been paid off (OnDeck lines of credit are unsecured). The business owner is also required to give a personal guarantee for the loan, but there is no lien on the owner’s personal assets. In this way, business owners can get funding from $5,000 – $250,000 in as fast as one business day without needing a specific amount of real estate, inventory or other hard assets and without needing to have their specific assets appraised and valued.

So if you’re a business owner that has a strong business but you’re not sure about the value of your specific assets or collateral, consider applying with OnDeck and you could get a decision for your business in minutes.

Compare Loan Requirements



Bad Credit Business Loans #business #plan #format


#bad credit business loans

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Bad Credit Business Loans

Grow Your Business Even with Poor Credit

A poor credit history severely limits your chances of securing a conventional bank business loan. Banks usually deem a business with bad credit history too much of a risk. Even if you somehow manage to convince them of the viability and growth potential of your business, it is highly unlikely that you will be able to acquire funds through traditional means. But, there are still non-traditional lenders who might be willing to offer their assistance. The truth is that bad credit business loans can be found, but the question you must ask yourself is if it is right for your business.

Business Funding Solutions for Businesses with Bad Credit

It is true that bad credit can discourage a traditional lender, but there is still hope for securing financing for your business. Boost Capital offers small business loans that do not carry the burden of a perfect credit history requirement. Your total monthly gross sales and ability to generate revenue plays a more significant role in your approval for funding than your credit score.

A small business loan from Boost Capital could be the answer you have been looking for. This business financing solution has huge advantages for small business owners.

  • Funds are available to you even with poor/bad credit history
  • No need for business plans or extensive financial records
  • Repayment is dependent on your total monthly gross sales
  • Use these funds however you see fit for your business

An important feature of a small business loan is that it does not show up on your credit report as a loan from the bank would. This means that you are free to pursue other financing opportunities.

Put aside your worries about bad credit. Business loans from the bank are not your only option. The flexibility of a small business loan from Boost Capital could be exactly the business financing solution you have been searching for.

For more information on bad credit business loans, click here or call 0800 138 9080 today!

Need a Business Loan?



Start Up Business Loans: The 9 Best Options #partnership #business


#start up business loans

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Start Up Business Loans: The 9 Best Options

Thanks for clarifying. With a deal like this, conventional lenders (like Bank of America, etc.) may be your best option. Who is willing to finance the deal and how the financing is ultimately structured will depend on the specifics of the deal. The financial health of the businesses you re looking to acquire as well as your own personal financial health will be critical. Sometimes banks will finance a portion of a deal with an SBA loan (the 7a is capped at $5m) and the rest with a traditional bank loan.

This article is well organized and informative. I will look into one of these options very soon. I am starting a business in a couple of months but I have no money to put into the business. I have a 690 credit score and own a home with hardly any equity. I need money for the equipment, franchise fee, and working capital. I have a business plan done but have not made a move yet. Any guidance?

Thanks reaching out.

In most cases, lenders will require you put up a down payment of 10-20% for a startup business loan. Typically, lenders do not want that down payment to come from additional borrowing (like from a personal loan or credit card cash advance). If you don t have any cash savings, this might mean finding an investor/partner. Or, if you have over $50k in a retirement account, you could use those funds for the business/down payment (without paying early withdrawal taxes and penalties) by setting up a rollover for business startups (ROBS). Read more about those here or speak with a ROBS pro at Guidant .

I hope that is helpful. Check in with us as things progress. We d love to get updates.

I want to start an arts and crafts supply store in my area. There are none in the city that I live in. I am a new entrepreneur and I am still learning the process. I am also a veteran, minority female are there loans available for me?

Thanks for your question. There are certain small business loan programs available to women. minorities. and veterans. Check out those articles for more details.

Keep in mind, as with any loan program, you have to show the lender that you will be able to repay the money you re borrowing (plus interest) in a timely manner. In other words, these are not giveaways. These are primarily normal business loans that come with slightly more flexible qualifications and which have been flagged for certain groups in order to promote certain policy goals.

In most cases you will still need a credit score above 650 (check here for free ) and will need to present a solid business plan with projections (we recommend LivePlan to create a comprehensive business plan plus they come with hundreds of examples/templates which is a big help). Having some collateral and a down payment will also increase your chances of being approved for one of these loans.

Stay in touch and let us know how things go.

Good day! My two biz partners and I are looking to obtain a start up loan and hit the ground running. Credit score is 740 s, approvals right and left, obviously this is great and no problem. Problem we are running into is, we are unestablished which is apparently a major deal breaker. This particular venture previously done with much success by one of the three partners was producing 19k-20k/month and growing. His partner at the time split with nearly ALL the companies revenue (350K!), so my question is, how can we get the loan (50k-100k) to get started? Thanks!

Startups often have a difficult time obtaining traditional bank loans for the exact reason you re describing. If either of you have real estate that can be used as collateral, you may be able to obtain an SBA loan. However, for startups, it can take 2-3 months to get funded with an SBA loan.

If all three of you have credit scores above 700, you may want to consider personal loans with Lending Club to start. If you keep close records of how the proceeds are used, you should be able to refinance the loan with a business loan down the road, when the business has been operating for a year or two.

I have someone interested in investing in my food service business. He will invest $25,000 for start-up costs. What percentage of interest would be normally be paid, after he makes his money back?

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Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer .



Canada Student Loans #buying #a #business


#government loans

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Canada Student Loans

Canada Student Loans are offered by the Government of Canada to help students pay for post-secondary education at a designated college, university, or other post-secondary institution. It is offered to eligible full- and part-time post-secondary students in most provinces and territories.

The Government of Canada works with most provincial or territorial governments to deliver federal and provincial student loan programs. For more information, consult the provincial and territorial information for student loans page or contact your province or territory’s student financial assistance office .

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Date modified: 2016-08-31

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Online Applications for Small Business Loans at OnDeck #business #degrees


#online business loans

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OnDeck

Online Applications for Small Business Loans

Interested in financing for your business? Get a true loan decision in minutes with OnDeck.

Do you need financing, but don’t want to deal with the hassle of a traditional bank? Our online applications for small business loans may be your answer.

When your equipment is down or your supplies are low, you don’t need a trip to the bank, you need a fast online business loan application without a cumbersome, lengthy process.

Our online financing applications can give you the cash you need — quickly and easily — from $5,000 to $500,000.

When you apply online for a business loan with OnDeck, you can be approved in minutes and get funding in as fast as one business day.

Our online application for small business loans can give you the cash you need — quickly and easily — from $5,000 to $500,000, over 3-36 months. We can help with our easy online applications for small business loans. We ll give you an answer in minutes, with funding as fast as one business day.

Safe and Secure

Some small business owners have questions about the security of online applications for small business loans. It is important to research your lender – reputable lenders such as OnDeck use strong encryption and Transport Layer Security (TLS) protocol to ensure your Sensitive Information is securely sent to OnDeck.

Frequently Asked Questions:

Applying for a Business Loan?

Q. Do I need collateral to get a small business loan?

A. Some lenders do require collateral for a small business loan: that may take the form of requiring specific collateral or requiring a general lien on business assets. From the lender perspective, requiring collateral reduces the amount of risk associated with a small business loan. Collateral gives the lender more options to collect should the borrower fail to make the agreed-upon periodic payments..

Q. Can I get a business loan without being a corporation? Can a sole proprietor get a business loan?

A. You do not need to be incorporated to get a small business loan provided you are a registered business with a business checking account or have a business tax I.D. number. However, there may be potential benefits to incorporation and you should consult with a trusted advisor to determine options that may best suit your business objectives..

Q. Can I get a business loan after a bankruptcy?

A. Qualifying for a small business loan will be more difficult during the 10 years the bankruptcy appears on your credit report, but some lenders will work with your businesses if the bankruptcy has been discharged typically for at least two years..

Q. How do I get a business loan with less-than-perfect credit?

A. Depending upon how bad your credit is, it is still possible to get a business loan provided you have a healthy business and have the cash flow to repay the loan. Lenders look at your credit profile as a way to judge what you’ll do in the future, so if you have a poor credit history, you’ll likely need to explain any extenuating circumstances that contributed to your poor profile. Generally, a credit score below 650 rules out both an SBA guaranteed loan or a loan at the local bank, so you will likely need to find an alternative source of financing and will probably pay a higher interest rate, but if your credit score is at least 500, it’s still possible to get a small business loan..

Q. Do I need a business plan to get a business loan?

A. Some lenders like banks, credit unions, and SBA lenders often require a business plan (see What do I need to apply for an SBA loan), however many online lenders look at other business metrics and don’t require a business plan..

Q. What documents do I typically need for a business loan?

A. Some of the documents you might need will differ from lender to lender, but having these documents at your fingertips will make it much easier to apply for a loan at the local bank or an online small business lender:.

  • Your business financial statements including a profit and loss (P L), an income statement, and an outline of your expenses
  • Your personal financial information including the last three years of personal income tax returns
  • Your business license
  • A copy of your business lease
  • Your bank statement for the last three months
  • See also What do I need to apply for an SBA loan?

    Q. How do I get a startup loan?

    A. Aside from the SBA which has a guarantee program for well-qualified startups there typically aren’t many loan options for a startup. Most traditional lenders, like the local bank, prefer to see a few years in business. Many online lenders will work with a business owner who has at least a year in business. Some non-profit micro-lenders do offer business loans to qualifying startups..

    Q. Do I need collateral to get an equipment lease?

    A. The equipment you are leasing is usually the collateral used in an equipment lease..

    Q. Do I need a personal guarantee to get a business loan?

    A. Most small business owners will be required to give a personal guarantee when applying for a small business loan..

    Q. How do I apply for a small business loan?

    A. If you are applying for a loan at the local bank or credit union, you will typically meet with a loan officer in the branch office and be given the appropriate forms to compete an application. If you apply for an online business loan, you will generally complete a simple online application, like OnDeck s ..

    Q: How do I know if I can trust an online lender?

    A: Check their Better Business Bureau Ranking and look for mentions of them in news organizations like CNBC, Bloomberg, PBS, and more. You can also check 3rd part review sites like TrustPilot.

    Q: How long will the online application process take me?

    A: OnDeck s easy business loan application process can get you a decision in minutes and funding in as fast as 1 business day.

    Q: Do I have to apply online for a business loan, or can I call?

    A: You can apply online or call a loan specialist from 9AM EST 8PM EST at (888) 269-4246



  • Secured Business Loans #start #up #business #loans


    #secured business loans

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    Secured Business Loans

    The growth and success of most businesses often requires access to additional funds. If your small business is in need of extra money, secured loans can be the key to overcoming challenges or taking advantage of available opportunities.

    What are Secured Business Loans?

    Secured loans are typically offered by financial institutions to business owners who require capital to start a new business, expand an existing one or pay for business-related expenses. This loan requires upfront collateral which reduces risk for the lender, allowing them provide a lower interest rate that can be paid back more easily by the borrower.

    What Companies Utilize Secured Small Business Loans?

    All types of small businesses could benefit greatly from this type of loan, however, companies that have mutual funds, vehicles, inventory. equipment, accounts receivable. land, buildings or other property to put up as collateral will have significantly lower payments and significantly longer repayment periods as compared to unsecured, collateral-free loans.

    How Can I Acquire Secured Business Loans?

    Utilizing a secured business loan is a great way to ensure a lower interest rate, a longer repayment period, and the opportunity to build credit and forge a relationship between business and credit provider. National Business Capital strives to understand each business’ unique history, present position and future needs to provide the best financial assistance possible. National Business Capital’s 90% approval rates, zero upfront fees and years of experience providing honest, professional financing advice is on your side. Take advantage of expansion opportunities, amass seasonal inventory, and engage in lucrative marketing initiatives with secured small business loans .

    For more information about secured business loans, our 24 hour response time or flexible credit services, please give us a call at (877) 482-3008. To apply via our easy 2 minute application, click here.

    We Finance Your Journey

    Our approval process takes less than 24 hours.



    Business Loans #international #business


    #how do business loans work

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    Business Loans

    What is a business loan?

    Most entrepreneurs who start their own businesses will need financing from outside sources from time to time. You need cash for essentials like inventory, payroll, equipment and marketing. Rather than dipping into your profits, a business loan can cover your costs while keeping your cash flow intact.

    Is a business loan right for me?

    Business loans can be extremely beneficial during a growth period, fluctuating cash flow or to prepare for a busy season. If you are considering borrowing money for your business, carefully consider how you will use the funds. If you know that taking the loan will put you in a position to pay back the loan quickly, a small business loan can be a great option.

    Before signing on the dotted line, it’s important to have a detailed business plan in place to ensure your extra working capital will help drive revenue that ultimately helps you pay the money back. Create a plan of action for how to use your line of credit and how you will repay it.

    To successfully scale revenue, you can use your business loan to:

    • Hire much-needed help. Bring on valuable employees that will put the time and energy into your business and decrease your workload, allowing you to focus on growth.
    • Invest in quality equipment. Access to working capital can help you afford quality equipment, whether you’re leasing or buying new or used.
    • Market your business effectively. Drive new customers and brand awareness through tools such as Google AdWords, Facebook ads, Twitter advertising and other online marketing networks.
    • Expand your space. If you’re a brick-and-mortar business, your office or storefront is often the first representation of your brand. Make sure it’s a good one.
    • Take a risk. Often the biggest risks can reap the biggest rewards. Without a business loan, you may not have enough extra capital to take risks that can pay off in the long run.

    Kabbage provides working capital for a wide variety of businesses. While it’s not the right choice for startup businesses that need working capital to launch, it can be beneficial for a business that needs capital to grow. A Kabbage business loan can be used for hiring new employees, buying inventory, purchasing equipment and investing in marketing initiatives.

    When a lucrative opportunity arises, you’re going to want to have extra capital on hand quickly. While banks typically take weeks and sometimes even months to approve a loan, Kabbage can get you capital in just minutes in your PayPal account, or it can be deposited to a traditional bank account in one to three business days.

    Online Loans from Kabbage

    • Get instant approval.
      Unlike traditional lenders, we approve small business loans by looking at real-life data, not just a credit score. Link the services you use to run your business, and we’ll instantly review your business health. Your funds will be in your account in anywhere from a few minutes to fewer than three days. No paperwork, faxing or waiting in line.
    • No hidden fees, no obligation.
      You pay nothing to establish your line of credit, and you’re not obligated to take an online loan when you’re approved. Pay fees only on the working capital you take.
    • Lines of credit from $2,000 to $100,000.
      Draw against your credit line as often as once a day and pay only for what you take. With credit lines up to $100,000, you can dip into your piggy bank anytime.
    • Access your funds 24/7.
      Kabbage provides you with ongoing access to your funds online and on the go through our mobile app, so you’re always ready to take advantage of the next opportunity.
    • Safe and Secure
      Kabbage is TRUSTe certified, and we have and A+ rating with the Better Business Bureau. We take your security very seriously and follow all regulatory practices to maintain the integrity of your information. Regardless of whether you’re approved or take a business loan, you can apply with confidence that your information is safe.

    Get the security of a business line of credit today

    Qualify for a line up to $100,000 in minutes

    Loans to suit your business

    Refer a Business, Get $200

    Help your friends grow their small businesses and earn a gift card! Find out more

    Kabbage is powered by the Kabbage Platform. Visit the website

    *Kabbage can approve you in minutes when we are able to automatically obtain your business data and instantly verify your bank account. In some situations errors may occur during the sign up process, or we may need to send micro-deposits to confirm your bank account for security purposes. If this is the case, it may take up to several days to provide you access to funding.

    2016 Kabbage Inc. All rights reserved. Kabbage is a registered trademark of Kabbage, Inc.
    All Kabbage business loans are issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.
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    Small Business Administration Loans #most #successful #small #businesses


    #the small business administration

    #

    Home > Lending > Small Business Administration Loans

    Small Business Administration Loans

    Congress created the Small Business Administration (SBA) over half a century ago to help small companies get started, expand, and prosper. Today, the SBA provides assistance to these companies by guaranteeing a portion of loan amounts and allowing longer terms for qualified borrowers.

    Small Business Administration (SBA) loans can include construction/permanent commercial financing.

    What are the advantages of an SBA loan?
    There are many, including terms up to 25 years for land and buildings and up to 10 years for all other business purposes. SBA loans are assumable and carry no pre-payment penalties or call provisions. (For terms of fifteen years or more, pre-payment penalties apply during the first three years.)

    What are the credit requirements for an SBA loan?
    A loan applicant must show an ability to repay the loan in a timely manner, through past earnings records or future earnings projections. An applicant must demonstrate management ability and commitment necessary for a successful operation. The applicant must also have sufficient equity capital so that, with the SBA loan, the business can operate on a sound financial basis. Lastly, the applicant must provide adequate collateral.

    Who is eligible for an SBA Loan?
    The SBA defines a small business as one that is independently owned and operated, which is not dominant in its field and which meets certain criteria based on industry classifications. In laymen s terms, we work with most types of businesses in conjunction with this program. However, loans used to finance real property held solely for income or investment are not eligible.

    How do I apply for a Small Business Administration (SBA) loan?
    One call to our SBA department will get you started. We will assist you in determining the necessary information needed to submit your application. For our online application, please click here.

    Getting the Process Started � 7(a) or 504 Loans
    The following basic information is needed in order for MCB to make a preliminary evaluation of your SBA loan request. Although certain items may not be applicable to your business, you should be as thorough as possible in gathering the information. MCB�s application (see below) is very helpful in organizing the information. If you have questions concerning this list, please contact us.

    1. What size loan are you requesting? How will the loan be used? How long of a term (in years) are you requesting on the loan?
    2. If you are proposing to purchase real estate or an existing business, provide a copy of the purchase agreement (signed by both buyer and seller).
    3. Indicate the amount and sources of the equity (i.e. cash) to be injected into the business or project. (Minimum equity requirements apply for start-ups and business purchases.)
    4. Provide photocopies of any notes to be refinanced with the loan.

    Company / Owner Information

    1. Provide a brief history and description of your business. (When was the business started, and by whom? What are your products and/or services? How has the business grown or changed? How many employees do you have? Who are your competitors?)
    2. Provide the legal name of the business, street address of the business, telephone number, and Employer Tax ID number.
    3. Provide the name, home address, Social Security number and percentage of ownership for any person having any ownership interest in the business. Include a resume for each owner, describing their educational and business background.
    1. Provide the business interim financial statement. (Not more than 60 days old). (Include aging of accounts receivable and payable).
    2. Provide the business historical financial statements and tax returns for the last three fiscal years, or since start up, whichever is less.
    3. Provide a personal financial statement for each individual owning twenty percent (20%) or more of the business. (If you do not have a personal financial statement form, contact Metro City Bank, and we will provide one to you). With each personal financial statement, provide complete copies of that individual s Personal Income Tax returns for the last three years.
    4. If you are purchasing an existing business, provide copies of that business tax returns for the prior three years, or since inception, whichever is shorter.

    MCB � SBA Loan Application
    Please download the loan application forms below, once printed please complete all sections legibly and either fax to 770-455-4988 attention: SBA Department or drop by one of our branch locations.

    Click Here to Download the Loan Request Form. (Adobe Acrobat Reader is required)
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    We hope that the above information has answered most of your questions concerning SBA loans and that you will make Metro City Bank your first choice for your SBA loan. If you need further information, contact Metro City Bank at 770-455-4989 or contact a loan officer Directly using our Loan Office Contact List.

    5441 Buford Highway, Suite 109, Doraville, Georgia 30340