Despite how popular the SBA 7(a) loan program is among business owners, there are still a lot of myths and misunderstandings out there. Discover the truth as we debunk seven common myths about SBA 7(a) loans.
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When seeking credit from the SBA or USDA, applicants undergo evaluation based on five crucial factors. These are commonly referred to as the “5 Cs of Credit,” and they help to determine a potential borrower’s creditworthiness.
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Written: November 4, 2024 | Updated: May 1, 2025 Understanding Business Refinancing After Interest Rate Cuts With the Federal Reserve recently lowering interest rates in fall 2024 — the first decrease in four years — and again in December 2024, businesses nationwide could improve their financial standing through refinancing, which had been a less favorable […]
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Writing a business plan can be crucial and, in some cases, even required when applying for government-guaranteed commercial lending programs, such as a Small Business Administration (SBA) loan or a USDA Rual Development loan. These loans are an excellent way for business owners to launch, grow, or acquire a business. By supporting loans to businesses […]
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The USDA Rural Energy for America Program (USDA REAP) is a government-guaranteed commercial lending initiative authorized under the Farm Bill and administered through the USDA Rural Development OneRD Program (USDA OneRD) specifically earmarked for renewable energy and sustainability projects across rural America. The program supports rural businesses and agricultural producers in adopting renewable energy systems […]
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When it comes to funding community development projects, Veritex Community Bank understands the importance of exploring different financial options. Two key funding opportunities offered by the USDA Rural Development Program are the USDA Community Facilities Guaranteed Loan Program and the USDA Community Facilities Direct Loan & Grant Programs. Any and all of these programs offer […]
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Business lending has become increasingly challenging with an inflationary economic environment and higher interest rates. This has made it more difficult for entrepreneurs to access the capital they need to launch new businesses or improve existing ones. However, there is one type of loan that offers exceptional benefits and has continued to gain popularity among savvy […]
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For small businesses, securing financing can be crucial for growth and success, regardless of your location. One popular option for small businesses is the SBA 7(a) Loan Program. Whether you operate a business in a rural, urban, or suburban community, let’s explore how an SBA 7(a) loan can benefit your business. What is the SBA 7(a) […]
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