Tag Archives: Loans

BLOG: Financing your Business Part V – Applying for a Loan

So far in our “Financing your Business” series, we have covered the questions you should ask yourself before seeking financing, credit factors you should consider, what bankers are looking for, and the financial statements you need to have completed prior to applying for a loan.  Now that you understand some of these different factors and you know the type of financing you are going to seek, it’s time to prepare a written loan proposal. (more…)

BLOG: Loans — CDC/504 Loan

The CDC/504 loan program is a long-term financing tool for economic development within a community. More specifically, they provide financing for major fixed assets, such as equipment or real estate.  A Certified Development Company (CDC) is a private, for profit corporation set up to contribute to the economic development of its community. CDCs work with SBA and private sector lenders to provide financing to small businesses. (more…)

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