Keely Choy’s Post

Banks scrutinize cash flows for loan approvals based on the historical IRS-filed small business tax returns. Remember, business owner distributions reduce the available cash flow for subject loan payment debt service—necessary for potential business buyers to understand! Cash Flow is King. Join co-hosts Richard Parker and Deb Curtis for a live stream session of Business Buying Banter - No BS on Thursday, May 16th, 2024, at 2 PM EST. They'll explore common mistakes made by business buyers prior to submitting a Letter of Intent (LOI). Register here: https://lnkd.in/gBn9HnwN #SBA #CashFlow #Distributions #BusinessBuyers #Entrepreneurship

Navigating the SBA loan application process can seem daunting, but our guide makes it simple and straightforward. Here's a sneak peek into what you'll find: Eligibility Check: Understand the criteria to see if you're a good fit for an SBA loan. Choosing the Right Lender: We'll help you find an SBA-approved lender that matches your needs. Document Preparation: Get a list of all the documents you need to gather - from financial statements to business plans. Application Forms: Learn how to complete the application correctly to avoid common mistakes. The Approval Journey: From submitting your application to getting the funds, we'll guide you through each step. #SBAloan #BusinessFinancing #SmallBusinessGrowth #Entrepreneurship #BusinessFunding #LoanApplication #FinancialSuccess

Running a small business is hard work - getting funding shouldn't be! Our digital SBA 7(a) loan application is designed to make it easier than ever to secure the funds you need, starting at $250,000. Apply online in less than 10 minutes and keep your focus on what really matters: growing your business. https://ow.ly/pjLP50T3vgP #DigitalBank #BusinessBanking #SBALending #SBALoans #Entrepreneurship #SmallBusiness #SMBs #OnlyForward

Picture this: You’ve found the perfect spot to grow your business, but your SBA loan is taking forever. Time’s ticking—what now? That’s where bridge lending comes in. It’s a short-term solution that gives you the cash you need while waiting for your SBA loan. Yes, it might cost more, but it keeps your plans moving. An SBA broker can help, too. They’ll guide you through the loan process, find the right lender, and secure the best terms, potentially speeding things up. So, if you’re stuck waiting for funding, bridge lending and a good SBA broker can make all the difference. #smallbusiness #SBAlending #bridgelending #SBAloan #entrepreneurship #businessgrowth #SBAbroker

Business owners seem to be searching for the right kind of funding for their situation. It takes a while to find a lender that actually has the ability to match up to a borrower's specific needs. If you're tired of constantly moving around in circles trying to secure the right lender, look no further. I can help arrange SBA loans, business term loans, unsecured lines of credit, MCAs, etc. Reach out to me directly as soon as you're ready. #business #businessfunding #acquisition #expansion #entrepreneurs

Starting a business doesn't have to drain your bank account. Experienced entrepreneurs rely on resources like SBA loans or tapping into their 401k savings or home equity. Why? Because having liquidity on hand is crucial, giving you the flexibility to take bold steps as a franchise owner. Don't be afraid of taking on some debt. If you have solid business ideas and the right mindset, you can always increase your sales to pay it off. Plus, options like SBA loans require only a small initial investment, making franchising more accessible than you might think. #HiringForPassion #EmployeeRecruitment #PassionVsSkill

Step 1 start the business, step 2 obtain the capital to grow the business. Let me walk you through how to to do both. Follow and DM “ READY” for your free credit consultation from me directly to see how you can improve your credit situation or to claim your spot for the $1 sign-up credit repair special.We also have a DIY course if you want to do it yourself! DM “fund “ If you’re looking to build business credit for your business or funding and you have a 700 credit score and LLC.  DM “ list” for a complete list of lenders to help you build business and obtain funding. If you want to sign up for credit repair services now, only a few spots remain to let the experts help you remove those negative items. DM “ready “ if you are prepared to claim your spot.  Follow➡ @creditcareofdmv Follow➡ @creditcareofdmv Follow➡ @creditcareofdmv Daily Motivation, Entrepreneurship & Gems 💎  #Credit Repair #Creditrepaircourse #Diycreditrepair #creditcoach #creditmentor #Businesscoach  #BusinessCredit #Businessfunding #Diycreditrepaircourse #Businessfundingcourse #Businesscreditcourse #diyfunding

Securing the right space for your business is pivotal. With SBA loans, qualifying businesses that occupy at least 51% of a commercial space can consider purchasing their location, with the option to lease out the remainder. Discover how this path could fit your business plan and pave the way for a sound real estate investment at: https://lnkd.in/gKqxtdX5 #commercialrealestate #sbaloans #businessinvestment #realestatefinancing #businessgrowth #propertyownership #entrepreneurship #investmentopportunity #loanbud

Using personal information to secure loans can be frustrating and limiting. Many businesses struggle to get the loans they need or are told they're too new to qualify for equipment loans that could boost their ROI and revenue. 📈 Lenders are often risk-averse, while business owners need to take risks to grow. We've sourced lenders willing to work with businesses at almost any stage of growth. Even if your business is young but has high revenue and a desire to scale quickly, we can help. We connect you with the right partners to overcome these challenges and support your business growth. 💼 #businessgrowth #creditscore #entrepreneurship #financing #blueskybizsolutions

SBA is a great option when exploring funding options for your small business! With competitive interest rates and flexible terms, SBA loans empower entrepreneurs to grow and thrive. Some of the possible uses for an SBA loan with Meridian Bank: • Purchase commercial real estate • Purchase a business • Expand your business • Transition ownership of a business • Refinance debt • Purchase machinery and equipment • Construct a building • Renovate existing property • Finance inventory and provide working capital • Finance accounts receivable #smallbusiness #sbaloans #sba7a #sbalending #entrepreneurship