Every small business owner should expect financial challenges at various points of the business’ life cycle. It may come at the beginning while trying to get the idea off the ground, or sometime later when the operation is ripe for expansion.
Fortunately, there are business loans that can bridge these fiscal gaps, with programs from the U.S. Small Business Administration (SBA) among those that warrant serious consideration. Below is our CPA overview of SBA loans, which you can use to determine whether they are the right options for you.
The Gist of SBA Loans
SBA loans work like conventional business loans, except that part of the loan is guaranteed by the federal government.These loans were designed to support local enterprises, especially in areas like Nashville where small businesses are a significant part of the economy.
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