When you're ready to grow your business to the next level and need an influx of capital to do it, a great option to consider is a Small Business Administration (SBA) loan. However, too often small business owners believe that the SBA lending process is confusing, difficult, and shrouded in mystery.
Well, no more! We're going to find out the real deal so you can determine if this is a resource for you - now or in the future.
In this episode, I talk with Marie Taylor Leibson, Senior Vice President of Commercial Lending for Sonabank, who is responsible for a full range of lending options including government lending programs like the Small Business Administration (SBA). She teaches workshops and seminars to educate, inform and inspire small business owners about lending. In 2014, Marie was the SBA Richmond District office Financial Services Champion of the Year!
The most common reasons small business owners need a loan to grow their business
The essential differences between a Small Business Administration (SBA) government loan and a conventional bank loan
The different types of SBA loans and which one is the most common
Three key assessment areas you need to have in place before applying for a SBA loan
The biggest mistakes and misconceptions small business owners make when applying for a SBA loan
What every small business owner and entrepreneur can do today to make themselves credit worthy for a loan in the future