The SBA Doesn’t Loan Money | Lydia Mehit

Q. Should I get a loan from the SBA?

A. You can’t get a loan from the SBA, but you can get a SBA loan guarantee. Come again?

Well, first off, the SBA does not loan money, so you can’t get a loan from the SBA.

The SBA guarantees a large portion of the loan made by the bank.  This means you have to negotiate two sets of paperwork and get two approvals before you get funded.

Q. What is the benefit of a SBA loan guarantee?

A. An SBA guarantee gives the bank the opportunity to fund a loan that doesn’t meet their commercial requirements. The SBA guarantees the bank will receive their funds even if the borrower, you, defaults on the loan.  The guarantees range from 50 to 90% of the loan amount.

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How to Become a Millionaire – The Top 5 Tips

Becoming a millionaire isn’t all that difficult and there are countless ways to achieve that milestone. Some people do it through real estate, others start their own business, while some simply get lucky by winning the lottery or winning big on a game show. What is even more interesting is that you don’t have to be wealthy to begin with nor do you have to earn six figures to reach this goal.

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Your Business Card Is A Billboard For Your Brand–What Does Yours Say? | Fast Company

We live in a super-cluttered world where no one has time for anything. We’re bombarded with text messages, TV commercials, billboards, and online ads, and so companies need to know what they stand for. It’s a fact that you cannot remember more than three television commercials in a row, let alone recall the design of your average business card unless they manage to rise above the cacophony and stand out in a way that’s completely relevant.

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