Crunched for Time? An SBA Express Loan Isn’t Your Only Option

A previous post here discussed Small Business Administration loans, and one of the problems discussed was that the SBA loan process can take too long for a business that needs quick financing. One way the SBA has tried to combat this is by introducing SBA Express loans. SBA Express loans are similar to regular SBA … Continued

Growing and Expanding a Business in Pennsylvania

One of the main reasons businesses seek funding is to expand their business, but this expansion can come in several forms. It can be as simple as needing more physical retail space: maybe the business needs to build an expansion or even obtain an entirely new location. In some cases, businesses need new equipment so … Continued

With Bad Credit, Are There Business Loans With Guaranteed Approval?

At Loanability, many of the merchants we speak to come to us because they’ve had trouble obtaining more traditional guaranteed business loans. Bad credit, insufficient collateral, and even just the industry type of the business are all reasons that a merchant might have been turned down for a loan, so they come to us instead … Continued

How to Write a Business Plan for a Loan – The Business Builder’s Toolkit

One of the things that makes Loanability’s programs appealing to many businesses is that we don’t request any extraneous documents–we keep our requirements as easy and straightforward as possible. If you’re applying for an SBA loan, business plans, resumes, and so on will be required. With us, you won’t have to send any of that, … Continued

Small Business Microloans Demystified

In the last post, we went over Small Business Administration loans–what they are, why they can be difficult to obtain, and how the complex process deters many business owners. While the SBA’s primary focus is on this loan program, they also provide support for intermediary lenders for something called the Microloan Program. This small business … Continued