Step 29. Applying For SBA and Long Term Loans

Business owners can be put off by the difficulty in getting an SBA and long-term loans. But there is not a reason not to try. These types of loans offer exceptional interest rates and some of the best repayment terms.

SBA and Long Term Loans Explained

It’s certainly worth the time and effort required to go through the application process.



  • Getting The Most Out of a Long-Term Loans:

    – Short term cash flow improvement
    – Buying inventory
    – Equipment purchases
    – Refinancing of a loan
    – Acquisition of businesses



  • Advantages of SBA and Long-Term Loans:

    – Below average interest rates
    – Payments spread out over longer periods
    – Down payment that is a very small percentage of loan or none at all
    – No restrictions on loan use
    – Establish your business credit
    – What’s not-so great about SBA and Long-Term Loans:



  • What’s not-so great about SBA and Long-Term Loans:

    – Lots of paperwork
    – Can take a while to get approved
    – Need great credit
    – Collateral might be required

Apply For SBA and Long Term Loans CLICK HERE


Pay careful attention to recommendations posted on the “Learn More” link before you apply.

To Do List To Complete In This Step

1. Review various lenders and their terms and apply for business funding.

2. Pay careful attention to recommendations posted on the “Learn More” for each lender.