Sba

Maria asks…

How hard is it to get an SBA loan as a start up? I want to get into residential property management.?

What kind of documentation do I need? Do they base it on credit?

admin answers:

The SBA loan is not hard to get. YOu are getting it to finance the building and the equipment. In property management, you don’t need either. You can do it at home with a PC. You contact landlords who run ads and offer your services. /

Steven asks…

What is the SBA and some good resources on information for it?

It’s for an extra points paper but I’m working 70 hours a week and not enough to do research on it. If somebody could list about 5 resources I would greatly appreciate it. Thank you!

Maybe a general overview as well.

admin answers:

SBA – Small Business Administration

Steps to Starting a Business -

http://www.developer-resource.com/starting-a-business.htm

Other sites you might find helpful are:
SCORE – http://www.score.org
Small Business Resource – http://www.small-business-software.net
Business Link – http://www.businesslink.gov.uk/bdotg/action/home

Goodluck!

Laura asks…

Is there a lifetime limit on how much an individual can borrow under an SBA 7(a) loan guarantee?

When I read the details on sba.gov, it sounds like there is a limit per loan, but I cannot verify what I’ve heard regarding the total amount an individual can borrow with SBA guarantees in their lifetime.

admin answers:

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