Internosis - knowledge management,ecommerce and project consulting
*Home>>>Business Shopping

How do I go by getting an SBA loan in Georgia for a small business?


I have a business plan ready for a Bike Shop.

Someone write something so I can give you 10 points....

Great. I need some points! SBA loans are just like regular business loans, with the exception being the government guarantees a large percentage of repayment to the bank if the borrower defaults. What that means to you is that you still have to meet the underwriting requirements of a traditional bank in order to be considered for this type of loan. The real fact of the matter is that you have to call a small business banker, tell him your plan and he will tell you right away what the likelyhood of the SBA funding your business will be. There are so many variables for these types of loans that some key questions will need be addressed before you'll have any idea of the likelyhood of financing.

A sidenote: Small Business Bankers are usually brutually honest about the likelyhood of thier prospective customers getting financing. If they shoot you down right away, it isn't because they don't like you or they think your business won't be profitable. They just know the underwriting so well that they don't want to waste your time by beating around the bush and giving you empty hope.

Anyhow,

In order to be considered for any SBA loan, you will have to fill out SBA form 413 which you can access by clicking below.

http://www.sba.gov/sbaforms/sba413.pdf

You can call my branch if you have questions, or need to get a hold of our small business banker.

813-681-2866

Good Luck!

Frank

Have u considered partners or investors?contact SBA for answers

Tags
  Business Consulting   Business Solutions   Business Applications   Business Shopping   Business Website   Business Hosting   Business Software   Online Business   Internet Business   E-Business
Related information
  • Which business would work out better, flower shop or gift shop?

    I own a Floral Shop that also sells gifts... DO BOTH!!! Many times we put gift items into the flower arrangements. Also... providing both gives your customers more choices.

    ...
  • What effects of opening a shop might have on existing business?

    it might attract people to the area and hence help other businesses it might charge less than other shops selling the same thing and hence increase competition - force the other shops to lower t...

  • Best Type of Retail Business to open next to Pizza Shop?

    A high school. j/k Pizza shops are known for their late customers especially dinner crowds. So it need to be a complimentary item not a substitute business. Ice creme shop, bike shop, video st...

  • Who thinks that a trophy shop is a good small business to start?

    Probably can't make any money doing that.

    ...
  • Shopping for GPS System - Any Suggestions?

    I've used both Magellan and Garmin for years. My favorite would have to be the Garmin for it ease of use. The Garmin Etrex series has different units from simple to not so simple. I use a Etre...

  • Business meetings in restaurants?

    Agreed!! And the same goes for tables who sit all night. I only have a three table section at night, if you are out for the night that is fine, go sit at the bar! Or tip an extra $20 + depending o...

  • On Sims 2 Pets, how do I set up a shop (I have Open for Business) to sell the pets like the premade shops?

    go to da pc and click da 1 above the tick wat is on da bottem right sided corner

    ...
  • Catchy business name for an auto repair shop?

    There's a body shop in my town called Wreck a Mended. I think it's cute.

    ...
  •  

    Categories--Copyright/IP Policy--Contact Webmaster