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When you’re ready to fund your small business, two common options often come up: SBA loans and personal loans. Both can provide the capital you need to start or grow your business — but they differ in qualification requirements, costs, and long-term impact.
Buying large equipment is one of the biggest investments a small business can make. Whether you run a construction firm, manufacturing shop, farm, or medical practice, heavy machinery and specialized tools are essential for productivity and growth — but they come with a hefty price tag.
When you’re looking for a small business loan, you’ll likely see two similar terms pop up during the early stages: pre-qualification and pre-approval.
Economic downturns can be tough on small businesses — sales slow, cash flow tightens, and lenders become more cautious. Yet, many successful companies are built or expanded during recessions. The key isn’t just surviving — it’s strategically managing financing when conditions are unpredictable.
If you run a small business in New York, 2025 offers a robust mix of state, municipal, federal, and nonprofit loan options to help you grow, weather challenges, or launch new initiatives. But knowing which program fits your needs — and how to qualify — can be complex.
If you’re considering an SBA loan to grow your business, one of the first questions you’re probably asking is: “How much can I borrow?” The answer depends on several factors — including your revenue, credit score, collateral, and business plan.
Launching a new product line is one of the most effective ways to grow your business. It can attract new customers, deepen brand loyalty, and open new revenue streams. But product development isn’t cheap — from design and manufacturing to marketing and distribution, costs can add up fast.
A restaurant remodel can transform your business — boosting revenue, attracting new customers, and keeping your brand competitive. But renovations don’t come cheap. Depending on the size and scope of the project, costs can range from $100,000 to over $1 million, covering everything from kitchen upgrades and interior design to ADA compliance and new technology.
When small business owners hear “SBA loan forgiveness,” they often think it applies to all SBA loans. But in reality, forgiveness is limited to very specific loan programs. Most SBA loans — like the popular 7(a), 504, or Microloan programs — must be repaid in full.
Starting, expanding, or acquiring a medical or dental practice is one of the most rewarding steps a healthcare professional can take — but it’s also one of the most expensive. Between purchasing equipment, leasing or buying office space, hiring staff, and managing ongoing operations, launching a practice can easily cost hundreds of thousands (or even millions) of dollars.
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