3 Financial Reports to Maximize Small Business Loan Approval

One of the ways lenders determine how likely you are to repay is by looking at your small business track record, demonstrated best through your financial reports. We’ll dig into the main information that lenders are looking for, and how to use those reports to maximize your chances of getting a loan.

Disclaimer:  the information provided on this page is meant for general informational purposes only and may not reflect the most current resources and recommendations available. Please consult with your financial, tax, legal, and other relevant advisors when making decisions about your small business.

Why Are Black-Owned Businesses Struggling to Rebuild?

The racial inequality wealth gap and chronic under-funding left Black businesses unprepared for COVID-19. Coronavirus closures and social distancing had an enormous impact on local businesses that relied on face-to-face interactions—traditional mainstays for Black entrepreneurs.

Disclaimer:  the information provided on this page is meant for general informational purposes only and may not reflect the most current resources and recommendations available. Please consult with your financial, tax, legal, and other relevant advisors when making decisions about your small business.

Small Business Financial Assistance for COVID Recovery in 2021

Learn about the various COVID financial programs to help your business thrive beyond the pandemic. Includes information on loans, grants, tax credits, and more.

Disclaimer:  the information provided on this page is meant for general informational purposes only and may not reflect the most current resources and recommendations available. Please consult with your financial, tax, legal, and other relevant advisors when making decisions about your small business.

How To Get a Business Loan as an LLC

Maximize the chances for your LLC to get a loan with our guide to understanding lender requirements, financial reports, and business documents.

Disclaimer:  the information provided on this page is meant for general informational purposes only and may not reflect the most current resources and recommendations available. Please consult with your financial, tax, legal, and other relevant advisors when making decisions about your small business.

Get Help Applying for a Small Business Loan

A complete series of guides to understanding your business finances, reducing expenses, maximizing cash flow, and getting approved for a small business loan.

Disclaimer:  the information provided on this page is meant for general informational purposes only and may not reflect the most current resources and recommendations available. Please consult with your financial, tax, legal, and other relevant advisors when making decisions about your small business.

Why Was My SBA Loan Denied and What Can I Do About it?

Have you been denied a small business loan by the SBA? We’ll help you figure out why you might have been disqualified, let you know how to strengthen your chances, and suggest some alternative options.

Disclaimer:  the information provided on this page is meant for general informational purposes only and may not reflect the most current resources and recommendations available. Please consult with your financial, tax, legal, and other relevant advisors when making decisions about your small business.

What Happens if You Default on an SBA Loan? Your Questions, Answered

You have options for dealing with a delinquent or defaulted SBA loan. Here’s how to find out what situation you’re in, and what you can do about it.

Disclaimer:  the information provided on this page is meant for general informational purposes only and may not reflect the most current resources and recommendations available. Please consult with your financial, tax, legal, and other relevant advisors when making decisions about your small business.

What is the Debt-to-Income Ratio for Small Business Loans?

Learn all about the debt-to-Income ratio including why it’s important, how it’s used, and how to optimize yours for a small business loan.

Disclaimer:  the information provided on this page is meant for general informational purposes only and may not reflect the most current resources and recommendations available. Please consult with your financial, tax, legal, and other relevant advisors when making decisions about your small business.

Need a Business Line of Credit? Here are the Requirements to Get One

What is a business line of credit and how do they work? Here are the requirements to apply for a business line of credit loan.

Disclaimer:  the information provided on this page is meant for general informational purposes only and may not reflect the most current resources and recommendations available. Please consult with your financial, tax, legal, and other relevant advisors when making decisions about your small business.

Business vs. Personal Credit: Everything You Need to Know

Here’s what to know about business vs personal credit, and how both can impact your ability to secure future funding.

Disclaimer:  the information provided on this page is meant for general informational purposes only and may not reflect the most current resources and recommendations available. Please consult with your financial, tax, legal, and other relevant advisors when making decisions about your small business.