Unfortunately, however, depending on financing can lead some small businesses to financial hardship and loan default. As payments are missed and the possibility of default looms, the type of lender, ...
SBA debt forgiveness may be taxable: If a lender forgives part of your debt, you may receive a 1099 form for that amount. The ...
For small-business owners, getting approved for a U.S. Small Business Administration loan means low interest rates and long terms, but it doesn’t necessarily mean success. A recent study by NerdWallet ...
Amid the COVID-19 outbreak, policies around the U.S. Small Business Administration’s lending program were loosened to get more capital into the hands of the enterprises that needed it at a quicker ...
Explore the current interest rates for SBA-backed financing.