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Access to Capital: Does a Felony Affect My Ability to Qualify for a SBA Loan?
We all make mistakes and sometimes those mistakes come back to haunt us when we least expect it (and often at the worst time). As a business owner you may be asking yourself “if I have a felon will it...
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Access to Capital: The Five C’s For Making Your Business Credit Worthy
There comes a time when every business must secure financing to cover their growing needs. Whether its to buy new equipment, purchase land, improve an existing location, or to just give your business a...
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What Lenders Look for in a Business Plan
Your business plan is the foundation of your business, defines your Vision and Mission, and serves as a road map as you move forward. Its one of the most important documents you’ll ever create. It’s...
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Getting to Know The Players in the SBA Lending Process
The SBA is one of the most vibrant sources of funds and tools for small business owners. Their lending programs, especially the 504 program, make it possible for all types of small businesses to secure...
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Why Venture Capital Isn’t Always The Best Option For Startups
As an Austinite and tech geek its difficult to talk to a startup or small business owner for more than five minutes before the conversation inevitably turns to funding, specifically venture capital....
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Access to Capital: Events That Can Delay Funding
There’s no denying that it feels good when you hear that your loan request has been approved. However, even though your loan is approved there are a few things that can keep your loan from getting...
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Access to Capital: SBA Programs for Veterans
In honor of Veterans day, we wanted to share some special programs and opportunities available to U.S. Veterans through the Small Business Administration. Many of the skills taught by the...
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The Cost of Doing Business: Separating COGS and Operating Expenses
When applying for a loan, and doing business in general, its important to have sound financials. The first step is setting up accurate accounting. One area many new business owners trip up is in...
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How Not Having A Succession Plan Can Affect Your Access to Capital
As a business owner you want your business to grow and continue forever–with you still at the helm, of course. Unfortunately we don’t live forever, and unexpected things do happen, which is why its...
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Lender Secret: Why A Slow Economy Has Made Collateral More Important Than It...
We’ve all heard the phrase “cash is king.” Last week I heard from several of our lenders that the phrase is not as powerful as it used to be. Once a quarter we bring together our lending partners for...
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Why Its Important To Wait For Approval On A SBA Loan Before You Start...
We’ve said many times that there are many opportunities available through the SBA. Their loan programs make funds available to small businesses at terms more favorable than most conventional loans. One...
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How Much Can I Borrow From The SBA?
A common question we receive when meeting with potential borrowers is “how much can I borrow under an SBA loan?” The short answer. The maximum amount a business can borrow depends on the size of the...
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Pre-Approval vs. Pre-Qualification
Applying for a business loan is an investment of time and money. It makes sense that a business owner would want as much certainty about their chances of getting a loan before they invest any of that...
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Can Your Startup Qualify for a SBA Loan?
I get excited whenever I hear someone is ready to strike out on their own and start a business. Small businesses are the builder of our economy and I love seeing more people jumping into the mix. Of...
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Did you know that the SBA has a 10-year product under their 504 program?
Many of you are aware of the 504 program, the SBA’s core product and economic driver. For businesses looking to secure owner occupied real estate and other large assets, the low downs and 20 year...
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Wyndham Garden River Walk Grand Opening
New San Antonio Hotel Built with SBA 504 Funds- Today Helena Hauk celebrated with friends and colleagues at the Wyndam Garden River Walk for the hotel’s grand opening. 5th Gear Consulting was an...
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