skip to Main Content

News

How to Lock In Historically Low Interest Rates for Your Business

With interest rates so low, the main question we receive from both small businesses and lenders is:

How do we lock it in fast?

Here’s a Funding 101 Cheat Sheet to download for yourself or your customers.

  1. PINPOINT: WHAT DO I NEED FUNDING FOR?
  • Start or purchase a business
  • Purchase, renovate or expand facilities
  • Purchase inventory, equipment or machinery
  • Revolving credit/working capital for day-to-day expenses
  • Export a product or service
  1. DETERMINE: DO YOU NEED HELP WITH YOUR BUSINESS PLAN OR LOAN PACKAGE?

To attain a government loan with below market, fixed interest rates, you must present a business plan if your business is a startup or in growth mode. For new and existing businesses, you will need to put together a loan package that includes historical personal and business financials for the business seeking financing as well as any affiliate businesses.

  1. PREPARE TO DISCUSS:
  • Size and purpose of your loan
  • Size and age of your business
  • Your credit history
  • Financial projections
  • Your technical assistance/mentoring needs
  • Historical business financials
  • Historical personal financials for all owners

No need to feel overwhelmed! For questions and support during your loan process, contact an SBA-certified development company like Seedcopa + SeedcoDE at srobbins@seedcopa.com or 610-321-8241.

Avatar
Back To Top