This is a presentation that was made on August 28, 2019 in collaboration with Azlo. It is intended too give small business owners a broad (yet somewhat detailed) overview about U.S. Small Business Administration (SBA) financing.
It does not cover the subtle nuances and minutia required to be considered "training" for professional commercial lenders.
Keep in mind that SBA regulations evolve, so refer to the latest SBA SOP for guidance.
How to Hire Your First Salesperson, Five Reasons to Start With Account Manage...Dropbox
Many MSP business owners and leaders struggle with hiring and empowering their first successful, quota carrying salesperson. Ted Hulsy and David Birk, partner at Network Doctor, share their views on why MSPs should focus on Account Management.
How to Hire Your First Salesperson, Five Reasons to Start With Account Manage...Dropbox
Many MSP business owners and leaders struggle with hiring and empowering their first successful, quota carrying salesperson. Ted Hulsy and David Birk, partner at Network Doctor, share their views on why MSPs should focus on Account Management.
B2B Credit process is broken. Especially for small and medium businesses. G2Link provides a tool for helping with this problem by analyzing trust and reputation.
http://offers.g2link.com/company-reviews/
Government Industry Partners - GovCon Wealth - PLAN: Wealth & Tax Strategies ...JSchaus & Associates
JSchaus & Associate's Government Industry Partners (GIP) Webinar Series
PUT ON A WEBINAR WITH US!
Share your company content to a live audience of US Federal Government Contractors.
We will promote your webinars through our network, newsletter, social media, and digital marketing efforts reaching 23,000+ subscribers.
Webinars are live and can be published on our YOUTUBE channel.
CONTACT US at hello@jenniferschaus.com and ask for our MEDIA KIT.
Government Industry Partners - Summit Insight - Federal Sales Team Struggling...JSchaus & Associates
JSchaus & Associate's Government Industry Partners (GIP) Webinar Series
PUT ON A WEBINAR WITH US!
Share your company content to a live audience of US Federal Government Contractors.
We will promote your webinars through our network, newsletter, social media, and digital marketing efforts reaching 23,000+ subscribers.
Webinars are live and can be published on our YOUTUBE channel.
CONTACT US at hello@jenniferschaus.com and ask for our MEDIA KIT.
What's important for your next phase of growth? In this webinar, CEO of Lighter Capital BJ Lackland will walk you through:
- Different funding options for today's SaaS (Software-as-a-service) companies
- How to create a funding strategy that's aligned with your growth objectives
- How to get your business fundraising ready
3 Steps to Improve Your Business Credit Report: Establish, Build & MonitorKabbage
Most business owners understand the importance of a good credit score, but how do you start building your business credit when you don’t quite understand the process? Learn best practices to build a positive business credit profile from Tim Graczewski, our Creditera partner.
Tim reviews the major differences between personal and business credit scores and how to understand your business credit report.
Revenue loans are an increasingly common way for businesses to fund their growth.
You might be wondering, from a legal perspective, how is a revenue loan different from a regular loan? How is it similar?
In this presentation, startup lawyer Joe Wallin explains what a Revenue Loan is, how it differs from traditional startup capital, and key terms of a revenue loan agreement.
This new, educational webinar covers exactly how to get started with profitable property investment.
This webinar covers
> How do you balance buying for cashflow and capital growth?
> How to do a detailed investment property forecast in just 2 minutes.
> Finance: Making sense of LVR’s and DSR’s – what do they mean?
> 7 tips for increasing your borrowing ability.
> How do you work out the maximum you should pay?
> Why it's smart to buy at a $20k - $50k discount and create immediate equity.
> 11 things you can do to boost your rental income by $1,000 to $10,000 per year.
> How to pick properties that generate both positive cash flow and tax refunds.
> Negotiation tips: how to deal with agents and compete with other buyers and save thousands on every purchase.
> Where do you invest first? It’s simpler than you realise to find great investment locations.
> The truth and traps with most “property hotspots”.
> Setting up your team of experts and who to avoid.
> How to find an a-grade property manager in an industry of full of average people.
Earning Your Cred: Understand & Leverage Business Credit Kabbage
If you’re a business owner and need additional funds to grow, you might be curious about business credit… what is it, how do you get it, and how do you use it? Business credit can be really powerful for business owners. It can help you fill short-term cash flow gaps, hire new employees, buy inventory, set-up a new website, launch a new marketing campaign, and more. But, it’s really important to understand the ins and outs of business credit and how to leverage it properly. In this webinar, together Experian and Kabbage will cover:
-Basics of business credit
-Why business credit is important
-Maintaining business credit separately from personal credit
-How to establish and grow business credit
-Planning ahead by understanding what can improve a credit score
-Understanding business credit and loans
-Kabbage credit – data vs. business credit
-Case studies from business owners who have leveraged business credit
Finding, Hiring and Engaging Superstar Employees for Your Small BusinessKabbage
If you’re a small business owner, you spend a lot of your time wearing many hats. One of them is the human resources (HR) hat that requires you to recruit, hire, train, evaluate, compensate, and engage with employees – all while you are managing everything else. With so many moving components, how do you achieve HR excellence in a small business?
This presentation covers the five best practices that small business owners should execute to find, hire, and engage superstar employees
The Pros & Cons of Small Business Funding OptionsKabbage
Watch this presentation as we walk through why you should consider outside funding, the factors to consider, and the pros and cons with each of the options – from online loans and credit cards to peer-to-peer lending, crowdfunding and business grants.
The stock standard answer for “What is my Company worth?” is that it’s worth what someone is prepared to pay for it but there are still a number of key factors and questions which go into that answer. Please go through this site for more details.
B2B Credit process is broken. Especially for small and medium businesses. G2Link provides a tool for helping with this problem by analyzing trust and reputation.
http://offers.g2link.com/company-reviews/
Government Industry Partners - GovCon Wealth - PLAN: Wealth & Tax Strategies ...JSchaus & Associates
JSchaus & Associate's Government Industry Partners (GIP) Webinar Series
PUT ON A WEBINAR WITH US!
Share your company content to a live audience of US Federal Government Contractors.
We will promote your webinars through our network, newsletter, social media, and digital marketing efforts reaching 23,000+ subscribers.
Webinars are live and can be published on our YOUTUBE channel.
CONTACT US at hello@jenniferschaus.com and ask for our MEDIA KIT.
Government Industry Partners - Summit Insight - Federal Sales Team Struggling...JSchaus & Associates
JSchaus & Associate's Government Industry Partners (GIP) Webinar Series
PUT ON A WEBINAR WITH US!
Share your company content to a live audience of US Federal Government Contractors.
We will promote your webinars through our network, newsletter, social media, and digital marketing efforts reaching 23,000+ subscribers.
Webinars are live and can be published on our YOUTUBE channel.
CONTACT US at hello@jenniferschaus.com and ask for our MEDIA KIT.
What's important for your next phase of growth? In this webinar, CEO of Lighter Capital BJ Lackland will walk you through:
- Different funding options for today's SaaS (Software-as-a-service) companies
- How to create a funding strategy that's aligned with your growth objectives
- How to get your business fundraising ready
3 Steps to Improve Your Business Credit Report: Establish, Build & MonitorKabbage
Most business owners understand the importance of a good credit score, but how do you start building your business credit when you don’t quite understand the process? Learn best practices to build a positive business credit profile from Tim Graczewski, our Creditera partner.
Tim reviews the major differences between personal and business credit scores and how to understand your business credit report.
Revenue loans are an increasingly common way for businesses to fund their growth.
You might be wondering, from a legal perspective, how is a revenue loan different from a regular loan? How is it similar?
In this presentation, startup lawyer Joe Wallin explains what a Revenue Loan is, how it differs from traditional startup capital, and key terms of a revenue loan agreement.
This new, educational webinar covers exactly how to get started with profitable property investment.
This webinar covers
> How do you balance buying for cashflow and capital growth?
> How to do a detailed investment property forecast in just 2 minutes.
> Finance: Making sense of LVR’s and DSR’s – what do they mean?
> 7 tips for increasing your borrowing ability.
> How do you work out the maximum you should pay?
> Why it's smart to buy at a $20k - $50k discount and create immediate equity.
> 11 things you can do to boost your rental income by $1,000 to $10,000 per year.
> How to pick properties that generate both positive cash flow and tax refunds.
> Negotiation tips: how to deal with agents and compete with other buyers and save thousands on every purchase.
> Where do you invest first? It’s simpler than you realise to find great investment locations.
> The truth and traps with most “property hotspots”.
> Setting up your team of experts and who to avoid.
> How to find an a-grade property manager in an industry of full of average people.
Earning Your Cred: Understand & Leverage Business Credit Kabbage
If you’re a business owner and need additional funds to grow, you might be curious about business credit… what is it, how do you get it, and how do you use it? Business credit can be really powerful for business owners. It can help you fill short-term cash flow gaps, hire new employees, buy inventory, set-up a new website, launch a new marketing campaign, and more. But, it’s really important to understand the ins and outs of business credit and how to leverage it properly. In this webinar, together Experian and Kabbage will cover:
-Basics of business credit
-Why business credit is important
-Maintaining business credit separately from personal credit
-How to establish and grow business credit
-Planning ahead by understanding what can improve a credit score
-Understanding business credit and loans
-Kabbage credit – data vs. business credit
-Case studies from business owners who have leveraged business credit
Finding, Hiring and Engaging Superstar Employees for Your Small BusinessKabbage
If you’re a small business owner, you spend a lot of your time wearing many hats. One of them is the human resources (HR) hat that requires you to recruit, hire, train, evaluate, compensate, and engage with employees – all while you are managing everything else. With so many moving components, how do you achieve HR excellence in a small business?
This presentation covers the five best practices that small business owners should execute to find, hire, and engage superstar employees
The Pros & Cons of Small Business Funding OptionsKabbage
Watch this presentation as we walk through why you should consider outside funding, the factors to consider, and the pros and cons with each of the options – from online loans and credit cards to peer-to-peer lending, crowdfunding and business grants.
The stock standard answer for “What is my Company worth?” is that it’s worth what someone is prepared to pay for it but there are still a number of key factors and questions which go into that answer. Please go through this site for more details.
Had trouble getting a line of credit? Has your credit line recently been reduced? You're not alone, but there may be alternatives to getting the financing you need. It starts with learning exactly what lenders look at and how your credit score works.
How to Start your Own SBA Department (and how to grow MBL assets without having to start one) Powerpoint to accompany the free White Paper now available at www.sbafinancenews,com
The credit business is now booming! Millions of people are in need of trained professionals to help them re-establish their credit and teach them debt reduction methods.
More than half of all small business used some kind of business credit last year as working capital. Find out how you can manage exposure. Get solutions for your cash flow needs from Christine Janklow, president, SettleSource, Inc. and David Gass. president, Earn.com. Learn more at http://bit.ly/aHxjc0 .
Building assets is one of the most effective pathways out of generational poverty and into financial stability. To build assets, families need financial education, asset building opportunities, and the ability to protect assets. Building and maintaining credit is a key part of this process. This session will provide an introduction to the strategies and policies that are helping families build credit and get on the path to financial stability.
Presenters
Sarah Chenven, Credit Builders Alliance
Abby Wood, Metropolitan Family Services
Explore Sarasota Collection's exquisite and long-lasting dining table sets and chairs in Sarasota. Elevate your dining experience with our high-quality collection!
Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
Also Intelisync, our cutting-edge service designed to streamline and optimize your marketing efforts, leveraging data-driven insights and innovative strategies to drive growth and visibility for your project.
With a data-driven approach, transparent communication, and a commitment to excellence, InteliSync is your trusted partner for driving meaningful impact in the fast-paced world of Web3. Contact us today to learn more and embark on a journey to crypto marketing mastery!
Ready to elevate your Web3 project to new heights? Contact InteliSync now and unleash the full potential of your crypto venture!
What You're Going to Learn
- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
- How to SHUT DOWN the revolving door of Income Stagnation… you know, where new sales come into your magazine while at the same time existing sponsors exit.
- How to transform your magazine business by fixing the 4 “DON’Ts”...
#1 LEADS Don’t Book
#2 PROSPECTS Don’t Show
#3 PROSPECTS Don’t Buy
#4 CLIENTS Don’t Stay
- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
5. The Good News
• SBA guarantees help banks say “yes” to more borrowers.
• SBA guarantees are great if your business lacks adequate
collateral, assuming you demonstrate the ability to repay.
• SBA guarantees may help you qualify for more than your
history support, assuming there are compensating factors.
• SBA guarantees may help you purchase an owner-
occupied building with 10% down.
• SBA guarantees are profitable for banks.
6. Fake News!
• Myth: The SBA makes LOANS to small businesses.
Truth: The SBA provides banks with a PARTIAL
GUARANTEE. If a borrower defaults on a business
loan, the bank gets a percentage of the outstanding
principal (after collateral has been liquidated).
• Myth: If I default on a “SBA loan” the SBA will pay the
bank and I’ll be left alone. Truth: (a) If you default on
an SBA guaranteed loan, the bank gets a portion of
their outstanding principal, and (b) the SBA refers this
payment to the U.S. Department of the Treasury for
collection.
7. Guarantee Fees
GROSS LOAN
SIZE
FEE
$150,000 OR
LESS
2% of the guaranteed portion
$150,001-
$700,000
3% of the guaranteed portion
$700,001-
$5,000,000
3.5% of the guaranteed portion, up to $1MM +
3.75% of the guaranteed portion over $1MM
13. Loan
• A lump sum of capital lent at loan closing
• Amortizing payments (capital and interest)
• Upon making all predetermined payments, the loan
balance reaches zero
• Normally, interest rate is fixed
Best Use: Finance purchase of tangible assets
(equipment, machinery, commercial real estate) with a
useful life greater than 12 months.
14. Line of Credit
• Partial draws of capital at borrower request
• Typically, only pay interest on funds used
• As long as the approved limit isn’t surpassed, borrower
may repeatedly use the capital that has been approved
and repaid
• Typically, line is renewed every 12 or 24 months; terms
can change
• Normally, the interest rate is variable
Best Use: To cover gaps between invoicing and getting
paid, and to weather times when cash flow is low. Also
good for the purchase of inventory.
16. What are the requirements
for an application?
• Business Income Tax Returns
• Personal Income Tax Returns
• Interim Financial Statements
• A/P & A/R Aging Reports
• List of Business Debt
Hint 1: Everything must match!
Hint 2: Owner = someone that owns 20% or more.
17. What does a lender consider
when analyzing my loan request?
18. What does a lender consider
when analyzing my loan request?
• Is the business profitable?
• CAN the loan be repaid?
• Does the borrower WANT to repay?
• Has the owner invested in the business?
• What collateral is available?
• What does business history tell us?
• What is the loan for?
20. When comparing loan offers,
which elements should I evaluate?
• Interest rate
• Repayment period
• Bank fees
• SBA fees
• Loan covenants
• Prepayment penalties
22. What advice would I give a
business owner?
• Show profit on your tax returns
• Maintain good personal credit (FICO 680+)
• Maintain good accounting practices & produce financial
statements
• Obtain your number with Dun & Bradstreet
• Speak with one or more professionals focused on small
business lending
• Prepare your questions, compare your options
• Ask for help as soon as possible, before it’s too late
• Be careful with companies that promise quick solutions
