SBA South Dakota District Office’s Post

Applying Henri Fayol's Principles of Management to Loan Recovery System Discover how Henri Fayol's timeless management principles can streamline and enhance your loan recovery processes using modern tools to explore strategies for planning, organizing, commanding, coordinating, and controlling loan recovery efforts to achieve optimal results. https://lnkd.in/dySgbzEg

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SBA 504 Rates for February were little changed from January. February 2024 504 Rates are as follows: 6.38% - 25-year fixed 6.49% - 20-year fixed 6.52% - 10-year fixed 6.41% - 25-year refi 6.52% - 20-year refi #SBA504 #BusinessFinance #SmallBusinessGrowth 

Helping people grow their business is my passion. How can I help you realize your dreams?

Don't let poor credit control drain your business. Solid terms are your first line of defence against cash flow headaches. #businessowner #smallbusiness #creditterms #creditcontrol #cashflow

The SBA 504 interest rates for May 2024 have been announced, offering competitive rates to fuel small business growth.  May SBA 504 Rates are as follows: 6.55% - 25-year fixed 6.65% - 20-year fixed 6.89% - 10-year fixed 6.58% - 25-year refi 6.68% - 20-year refi #SBA504 #BusinessFinance #SmallBusinessGrowth 

Our team at MJL help put things in place to remove future risk. Recovering debt is always a rewarding outcome for us as a business but even more so for our clients. We appreciate chasing the money you’re owed can be tiring and somewhat frustrating, and not something you’d like to have to do again in the future. We don’t just stop at the recovery of money owed, we always recommend having documentation in place to protect any future agreements, starting with a review of current documents currently being used by the company. This can include: Subcontractor Agreements Lease Agreements Terms and Conditions Commercial Contracts Other Commercial documents you may have in place. Contact our team and let us help put your mind at ease by removing any element of risk with future projects and agreements. 📥 Info@mjllaw.co.uk 💻 www.mjllaw.co.uk ☎️ 01924 669406 #debtrecovery #termsandconditions #subcontractagreements #tradesbusiness #contractdrafting #wakefieldbusiness #cashflow

Enroll your business with credit reporting agencies like Dun & Bradstreet, Experian Business, and Equifax Small Business. This helps to establish a credit profile for your business, which is essential for accessing credit and building credibility with lenders and suppliers.

A well-known SBA business valuation recently suggested that if a buyer works with them, the bank should order the valuation from them as an "update." Here’s why that might not represent true independence per SBA SOP: ➡ Conflict of Interest: Independence means avoiding conflicts of interest. If a valuation is influenced by previous work with a party, it may lack the objectivity required for a fair assessment. ➡ Objective Assessment: An independent valuation should be conducted by a third party with no ties to the buyer, seller, or any involved party. This ensures a fair and unbiased evaluation of the business. ➡ Regulatory Compliance: Following the SBA SOP ensures compliance with regulations designed to protect all parties and maintain transparency in the transaction. It’s about safeguarding everyone’s interests. ➡ Credibility: An unbiased valuation enhances the credibility of the transaction. It provides lenders and buyers with confidence in the business’s true value and integrity. ➡ Transparent Process: Engaging a truly independent appraiser guarantees that the process is transparent and free from undue influence, ensuring the results are trusted by all stakeholders. Ensuring that the valuation process remains objective and unbiased is vital to protecting everyone involved. Questions about SBA business valuations? Let’s chat! Reach out to Peak Business Valuation at https://lnkd.in/gH9pnypd or call 435-359-2684. #BusinessValuation #SBALoans #IndependentValuation #BusinessGrowth #FinancialIntegrity

Discover the untapped potential of SBA loans with ROK Financial's panel of commercial finance specialists! Join ROK in this LIVE webinar and gain the knowledge and insights needed to secure your clients the essential funding they need for expansion and development. 💯