Get accustomed to the lingo of the Small Business Administration (SBA) with the following definitions regarding financing for business acquisition. Read more
The Small Business Administration (SBA) has many resources for business owners. Money is one of them – certainly enticing for anyone looking to start, scale or shift directions in their business.
Read our article, Top 5 Tips for Navigating SBA Financing for Acquisitions, on Axial’s Forum here.
SBA financing- particularly when used for business acquisition- involves very specific limitations and requirements. Because of its detailed and complex nature, using just any bank for SBA lending would be a mistake. Do your research and pick a bank that has experience and that you trust. This is not an exhaustive shopping guide but these two tips will get you well on your way to making a solid choice in your SBA lender.