Start-Up Financing | Unsecured Lines | Credit Suite | Uplyft Capital | Lendingtree

Big Think Capital Credit Loans, Big Think Capital Loan Options Include, Business Line Of Credit, Commercial Real Estate Loan, Equipment Financing, Invoice Financing, Merchant Cash Advance, SBA Loan, Short Term Loan for small business owners with good or bad credit!  Emergency Business Signature Line of Credit, EIN Start Up Credit Building, Personal Credit Line Hybrid, Unsecured No-Doc Credit Cards, Same Day Emergency Relief Funding, Bad Credit Loans, Equipment & Lease, SBA Micro Loans, Revenue Asset Based, Subordinated Debt, Cannabis Lending, Accounts Receivable Factoring, Franchise, Inventory Purchase Order, Commercial Mortgage, Minority Business Loans, Start-Up, Transportation, Working Capital, Debt Consolidation, Credit Building, Fix Flip, Credit Repair & Reports, Personal Loans & More

South End Capital division of Stearns Bank N.A., Uplyft Capital

Start-Up Financing | Account Receivables Financing | SBA 7(a), SBA 504, USDA Loans | Franchise Financing | Working Capital | Merchant Cash Advances | Project Financing | Bridge Loans & Hard Money Loans | Debt Restructuring | Business Acquisitions | Purchase Order Financing | Business Credit Building | Construction Financing | Commercial Real Estate Financing | Mergers & Acquisitions | Fix Flip Rehab Rental Financing | Development Financing | Unsecured Lines of Credit | Church Financing and many more.

Showing posts with label refinance. Show all posts
Showing posts with label refinance. Show all posts

Monday, November 6, 2017

Do You Qualify for a Small Business Loan?

You have a small business and your looking to expand, refinance, acquire more capital, ect. You need a small business loan, but you’re not sure if you qualify.

Well first lets decide if you’re actually a small business. According to the U.S. Small Business Administration the following characteristics are those of a small business:

  • Organized for profit
  • Has a place of business in the U.S.
  • Operates within the U.S. making significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor
  • Independently owned and operated
  • Not dominant in its field on a national basis

In addition to this list, your business must use SBA size standards to be selected as a small business, which depends on your number of employees over the past 12 months and receipts for the past three years.

Once you determined that you are indeed a small business, it’s time to see if you qualify for a small business loan:

  • Net worth must not exceed $7.5 million
  • Average net income over the last 2 years must not exceed $2.5 million
  • Business must be operated for profit and located in the U.S.
  • Owners must be U.S. citizens or resident aliens
  • 51% or greater percentage occupied by owner operated business

If you fit all these requirements and are looking for a small business loan, Newtek is here to help!

Newtek is the number one non-bank lender in the country. Financing small businesses from $50,000-$10 million. We have lent over half-a-billion dollars to over 800 U.S. based small businesses. Whether you’re expanding, refinancing your existing debt, or acquiring new equipment, Newtek provides financing solutions to help you grow your revenue or improve your cash flow with 25-year amortization schedules.