Starting from Zero: Getting a Loan from the U.S. Small Business Administration
The SBA Loan Book, by Charles H. Green
Adams Media Corp., 218 pages, $12.95
Once you get serious about turning that great business idea you had in the car one day into an actual business, you'll probably need to know a thing or two about small business loans.
The U.S. Small Business Administration (SBA) is a government agency that gives qualified businesses the backing they need to get business loans from financial institutions. Not to worry, accepting a government guaranty does not subject you or your business to increased government scrutiny.
With The SBA Loan Book, Green, an experienced bank loan officer and independent commercial loan originator, helps you navigate the stacks of paperwork involved in the process and shows you how to present your case effectively to get the loan you need.
You'll find out how the SBA works, which businesses are eligible and what your options are. You'll also learn how to convince a lender that your business is a safe bet, even if you haven't had a great track record. You'll learn how to improve your chances for loan approval by being direct and positive, and, finally, how to close the deal quickly (or move on from rejection).
With plenty of forms and worksheets to help, Green makes the process of applying for the 7(a) Loan Guaranty Program or the 504 Program less overwhelming. You'll learn what to expect from the process and how to go through it efficiently and effectively.