Governor Ron DeSantis Activates Emergency Bridge Loan Program for Small Businesses Impacted by COVID-19

Florida the Sunshine State

Governor Ron DeSantis announced that he has activated the Florida Small Business Emergency Bridge Loan Program to provide support during the COVID-19 pandemic. The Florida Department of Economic Opportunity (DEO), will provide short-term, interest-free loans to small businesses that experienced economic injury from COVID-19. The application period opened March 17, 2020 and […]

Successfully Navigating the SBA Lending Process

Signing on the Dotted Line

For buyers seeking acquisition financing, an SBA 7(a) loan can be a fantastic tool.  Relative to conventional loans that typically require down payments of 30% or more, buyers utilizing SBA loans can make a down payment of 10-25% (more on this later), and obtain a low fixed rate (a small amount […]

Business Buyers Can Leverage SBA Lending

Signing on the Dotted Line

Finding the money to start your own small business can be a challenge.  Over the decades, countless people have turned to the Small Business Administration (SBA) for help.  A recent Inc. Magazine article, “Kickstart Your Business Dreams with SBA Lending,” by BizBuySell President, Bob House, explored how SBA lending can be […]

Show me the money!! 6 Ways to Finance Your Business.

Fancaning is Knowing where to and who to ask for the money

Here’s a quick review of the most popular ways businesses get financed: Savings The first and most obvious option is to look at your (non-retirement) savings. If you have mutual funds and other liquid investments, you can liquidate (taxes will be incurred) and apply towards your franchise. Many people feel more secure investing in […]