Securing An SBA Loan

Small business owners received some good news in September when President Obama signed the Small Business Jobs Bill. The bill has made it possible for small biz owners to seek the SBA financing they need to grow their business. It extends on the original enhancements that were first introduced with the 2009 Reinvestment and Recovery Act. Now that it is available, how can you take advantage of it? Bloomburg Businessweek recently shared a few tips that might help.

1. Know the requirements.

2. Document debt.

3. Improve your credit score.

4. Get organized.

5. Explore lender options.

photo by Billy Brown

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