Tag Archives for alternative business loans

Bank Requirements For Working Capital Loans

Do you qualify for a business loan from your bank? We were curious to see how simple or difficult it would be to get a working capital loan from some of the major banks. Instead of just calling one bank, we decided to call five of the largest banks to see the differences between them all. We used the same scenario with all the banks. Here’s the business loan scenario we used: We had 5 different people all call s Read More

SBA Will Be Cutting Back On Giving Out Small Business Loans

There will be 2,000 fewer small business loans issued by the SBA Congress has not come to an agreement yet, so the President will issue an order for the sequester to go into effect anytime before midnight tonight. Sequester is the U.S. government’s $85 billion dollar automatic spending cuts that was put into law by the Budget Control Act. Will the sequester have an impact on small business loans or SBA loans? You better believe it! It is said that Read More