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Lower SBA Loan Fees
/ Mike Schillingburg, VP SBA Lending at MidFirst Bank, provided the following update about the SBA lowering upfront fees: The SBA has announced new, lower SBA Guarantee Fees effective October 1, 2022. Loan amounts $1,000,000 and lower are affected. The Upfront Fees for loans with a maturity date that exceeds 12 months are as follows: […]
SizeUp Your Business
The Small Business Administration (SBA) now offers SizeUp, a free online tool for business owners to compare their businesses with others in their industries using hundreds of public and private sources. SizeUp provides geographic information including suggesting areas for advertising campaigns. Like many government programs, it’s not perfect and it doesn’t translate for every company. […]
Capital vs. Confidence
From CFO.com: Capital vs. Confidence Banks say they want to lend to smaller companies, but credit remains tight. Is relief in sight? Alix Stuart, CFO Magazine Last September, Centennial Bank announced that the U.S. Treasury Department had granted it $1.8 million through the Small Business Lending Fund (SBLF). Jim Basey, Centennial chairman and CEO, says the […]
Small Business Groups Fight Regulatory Burdens
Business steps up fight against ‘regulatory tsunami’ The Business Journals – by Kent Hoover Date: Tuesday, November 23, 2010, 10:51am EST More than 40 major new rules were issued by the Obama administration during fiscal 2010, costing the economy at least $26.5 billion, according to government estimates. The actual cost is much higher, according to […]
Personal Financial Statement
K&A; was contacted by a prospective buyer today asking for assistance in putting together his personal financial statement. This document is important for a buyer to compile not only to provide a bank in applying for a loan, but also important for demonstrating financial capability to the business seller and establishing credibility to any offer […]
