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The SBA Loan Book: Get A Small Business Loan–even With Poor Credit, Weak Collateral, And No Experience

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The SBA Loan Book, 2nd Edition provides you with step-by-step instructions on how to maneuver through the complex maze of eligibility, qualification, and approval needed to get SBA financing. This edition includes the most up-to-date information on policy changes including Revision E, the 504 program, the SBA Express program. The SBA Loan Book, 2nd Edition give you answers to your most important questions, including how to: Increase your chances of getting a loan Fill out a loan application


The SBA Loan Book: Get A Small Business Loan–even With Poor Credit, Weak Collateral, And No Experience

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How To Get A Small Business Loan, Unsecured Small Business Loan – MerchantCashAdvance.Com

www.merchantcashadvance.com how to get a small business loan, online payment processing, fast loan, unsecured small business loan, merchant cash advance.
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get small business loan question by 12-25 Never Forget: When a “small business owner” gets a Taxpayer-guaranteed loan to pay a franchise fee, and then goes out of…?
…and then goes out of business, is the Franchise company obligated to pay back the loan?

“According to a Wall Street Journal article by Richard Gibson, the number of SBA-backed loan defaults by franchisees increased 52% in the fiscal year ended Sept. 30, 2008, from fiscal 2007. Loan losses totaled $ 93.3 million, a 167% jump from $ 35 million just 12 months earlier.

Quiznos Sub had the highest number of loan defaults, with 108 franchisee failures. Cold Stone Creamery franchises racked up 75 defaults, followed by the Subway franchise with 42 defaults and Curves for Women with 24.

By percentage of defaults to total loans, meal prep kitchen Dream Dinners had the highest, with 18% of franchisees having defaulted thus far. Next worse were Taco del Mar and Carvel, with 15.49% and 15.38% defaults, and Cold Stone Creamery with 9.82%….”

http://www.bizzia.com/franchisepick/quiznos-cold-stone-subway-curves-top-franchise-loan-defaults/
(((Liberalism is for Sucks))): Do you have a reference?

I found these, but they’re hardly authoritative:

http://www.cadda.com/facts/7a.htm
“Use of loan proceeds

Eligible Uses:
-Land and building acquisition
-Accounts receivable
-Machinery and equipment
-Refinancing certain outstanding debt
-Inventory -Fixed assets
-Working capital
-SBA guarantee fee
-Building/Leasehold improvements
>>>>>>>>-Franchise Fee<<<<<<<<" http://www.franchise.org/Franchise-News-Detail.aspx?id=34342 "What can SBA loans be used for? Some SBA lenders offer a variety of financing programs geared toward franchise companies. There are programs for business acquisitions, building construction, leasehold improvements and expansions, partner buyouts, equipment purchases, debt restructuring, working capital, and >>>>>>>franchise fees<<<<<<<." http://nreionline.com/finance/tips-borrowers-securing-sba-loan/ "There are essentially two programs available, dubbed 504 and 7(a). For each, the borrowing limit is $ 2 million. The 504 loan is typically issued at a fixed rate, while the 7(a) has a floating rate. The 7(a) program has some more liberal provisions that allow borrowers to roll soft costs like >>>>>>>franchise fees<<<<<<< and architects' fees into the loan..." get small business loan best answer:

Answer by Brian
Yes, the business and any guarantors are still liable for the money even if the government pays off all or part of the debt to the lender. The lender, or servicer of the loan, must pursue the debtors as if they received nothing from the government. Any payments received are split between the SBA and the original lender in a proportion equal to the SBA guarantee..




2 Responses to “Latest Get Small Business Loan News”

  1. Liberalism is for Sucks says:

    No.
    And by law, you cannot use a loan to pay a franchise fee.

  2. guru says:

    don’t forget tax cuts for them too.

    Business welfare for people who cannot operate a business.

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