The look of banking in 2020 has changed. See how building a relationship with a banker or banking expert is even more important than ever considering the CARES Act and remote communication.
Small Business Loans
Content from the ProStretegix Blogs related to the small business loans and how we have worked with others to get these loans for their business
If business lending and loans stress you out, these two tips will make you feel more confident and can help you stay smart in your decisions.
As a small business owner, who has received a paycheck protection program (PPP) loan, you are probably as confused as I was about what to do to ensure you get the maximum amount of the loan forgiven. As a veteran small business owner, whose business… Read More »Small Business Owners: 3 Tips to Maximize PPP Loan Forgiveness
Finding ways to apply for small business loans in 2020 is harder than it used to be. With the effects of the ongoing health crisis, loans are needed now in completely different ways. It makes sense to worry. But with the SBA overworked, it’s a bit harder to get a loan than… Read More »How to Apply for Small Business Loans in 2020
Every small business looks for money, and we think that the slate of alternative lenders available to you in 2020 is worth thinking about. Alternative lending is a massive form of getting money without going to a bank, so we thought we would outline some of our favorites, and why you should consider… Read More »2020’s Best Types of Alternative Small Business Lenders
Understandably, small business loan approval numbers have been complicated throughout 2020. But considering how many small businesses and small business owners need loan approvals due to the Coronavirus outbreak of 2019 and 2020, these numbers are quite scary. What can you do to protect yourself, and where else can… Read More »2020 Loan Approval Numbers: Small Business Impact
Today, the SBA announced that they have processed more than 14 years’ worth of loans in less than 14 days because of COVID! This is incredibly huge news. Many small businesses have relied on the Paycheck Protection Program and Economic Injury Disaster Loans to survive. But all of this is coming to an… Read More »No More SBA COVID Loans. What Now?
Yesterday, we spoke about what equity is and how it and venture capital work together. Today we will talk about valuation for small businesses when it comes to equity. How do you get a value, and what does it mean for equity? We will explain this and more… Read More »All About Equity: Valuation for Businesses
Small business loan applications are at record-highs. Even at these historically high lending rates, only a 1/3 of all large bank applications are accepted. What are the top 3 things you should do when looking for a loan? Here are thoughts on high to improve your chances. Big… Read More »Looking for a Loan in 2020 – Do These 3 Things First!
If you are struggling to get funding, it usually because of a couple of key factors. We’ve discussed some of this before in posts, but here we cover 4 basic steps to increase your chances when seeking funding. You may be surprised by what you learn. Unsure of… Read More »Struggling to Get Funding? 5 Steps to Increase Your Odds