Episode Details
Back to EpisodesNew SBA Guidelines and the Basics of SBA Loans
Description
Join Michelle Rowan and Anthony Byrd in this episode of "From A to Franchisee" as they unravel the complexities of SBA loans for franchise buyers. Discover how SBA loans serve as a government-backed security for banks, making it easier for new businesses to secure funding. Anthony Byrd, a seasoned expert in franchising and SBA lending, dispels common myths about these loans and highlights recent changes in guidelines, including citizenship requirements and the SBA directory. Learn practical tips for preparing loan applications and explore financial strategies, such as combining retirement funds with SBA loans. Empower your franchise journey with this insightful discussion!
Resources
- Read: Should I Get An SBA Loan for Franchise Financing?
- Listen: Franchise Funding Options
- Read: Crowdfunding for Business: Should I Use it to Fund My Franchise?
- Our Franchise Financing Resource Center
- Discover Your "Fundability" with our Finance Calculator
- Read: A Guide to Rollovers for Business Startups (ROBS)
**We are grateful to work with Benetrends. They offer sound financial advice and have been in the world of franchising for decades, just like us!
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