Business Loans

For small businesses at different stages of the business cycle, from  start-ups to mature businesses, approaching the Small Business Administration or SBA for consultation or advice can be a boon. The SBA, after all, is a United States government agency that provides support to small businesses. It encourages and promotes the spirit of entrepreneurship in the small business community by providing different forms of assistance that a small business owner can benefit from.

One of the more important roles that the SBA plays is to help the small business community avail themselves of loans more efficiently. It administers loans and acts as a guarantor to the bank or other financial institutions. It is worth noting that the Small Business Administration does not provide or resell loans, but rather, it guarantees them. Compared to commercial business loans, an SBA-backed loan allows for longer repayment terms at significantly more affordable rates.

These easier terms allow the business to borrow more money than it would normally get from commercial banks or other financing companies. SBA loans may be used to finance a business start up, to obtain additional capital for your existing business, or to buy a business.

The SBA requires an appraisal as part of the documentation required to secure a loan for the purpose of buying a business. This appraisal will determine how much the business is worth and the size of the loan.  As an independent third-party expert in the  appraising businesses, we can assist you with this process and provide you the required appraisal at a very affordable rate.

Putting a value on a business is complex and incorporates validated methods with industry-specific valuation factors.  Our experts have over two decades of business valuation and merger and acquisition experience. We offer LendingEdge an affordable, custom solution from our business valuation experts. Not only can we take care of the Small Business Administration’s appraisal requirements for you, but we can also help you analyze the business you are looking to purchase.  We can assist you in determining whether there are any areas of opportunity to maximize profits by implementing appropriate innovation and changes. We can help you appraise the business and consult with you in the areas of opportunity that the business presents during the valuation period.

To know more about LendingEdge and how we can be of help with your SBA loan, contact us at 866-663-5806 or sign up here and one of our professionals will assist you. Improve your chances of getting your business loan approved with our step-by-step guide here.