How an SBA Loan Can Fuel Your Small Business

How an SBA Loan Can Fuel Your Small Business

One requirement to qualify for a U.S. Small Business Administration (SBA) loan is for a small business to have a healthy annual revenue. Most small businesses that receive a SmartBiz SBA loan earn $250,000 or more per year.

However, to some business owners, that notion doesn’t make sense. The SmartBiz Facebook page frequently has questions posted about this topic. “If a small business is making that much money, why would they need to get a loan?”

It seems counterintuitive to acquire small business debt, but there are many reasons to seek funding when your company is thriving. Here are several ways an SBA loan can fuel growth for your small business.

About Barbara Johnson

Hello my name is Barbara and I'm a voracious DIY enthusiast and I'm here to meet nice people. View all posts by Barbara Johnson

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: