SBA Loans – Part 2

SBA Loans – Part 2

Thank you for continuing to follow our series, SBA Loans. In our first installment of this series, you learned about the core mission of the Small Business Administration (SBA), and the numerous advantages associated with obtaining a SBA loans to fund your small business. You also learned that we here at Somerville National Bank pride ourselves in providing small businesses with the funding that they need in order to succeed in their endeavors. We believe in supporting those businesses that are part of the many communities in which we serve. This week, we will place a special emphasis on how to transform your business into a “gazelle” after obtaining a SBA loan!

The SBA Gazelle
We all know that a gazelle is a type of animal. These creatures are known to be graceful, but, exceptionally fast. Despite living in very harsh conditions, these animals have the will and the means to survive. When a business qualifies for a SBA loan, they are often referred to as “gazelles”. That means, despite the challenges that may lay ahead of them, the administration feels as if the business has what it takes to achieve greatness in their industry. If you have a business that drives you, that makes you hungry for success, and pushes you forward to seek all possible opportunities, the SBA and Somerville National Bank will consider you a gazelle. In essence, if you are a gazelle, you will have the backing you require to achieve success.

Get the Help You Need, When You Need It
In most instances, business owners will reach out for a SBA loan to initiate the startup process of their business; however, the Small Business Administration offers more than just lending for startups. Naturally, if you are in the initial stages, the SBA will work closely with you in order to help you develop a business plan and outline your financing plans; however, if you are already an established business, there are ways that the Small Business Administration may assist you, too! The administration is glad to provide you with information that will aid in managing your business, expanding your business, and recovering from financial-based disasters.

SCORE
In addition to making SBA loans available to your business, the Small Business Administration also offers SCORE. This includes thousands of leaders in the business world, entrepreneurs, and executives that volunteer in order to assist the owners and managers of small businesses within the United States. Not only do these volunteers help businesses start, but, they also help them grow. Furthermore, they assist by helping to create new jobs in the communities in which they specialize.

Somerville National Bank
Here at Somerville National Bank, we want your business to grow and succeed. We will take the steps necessary to ensure your success. One of the ways that we do that is to see if you qualify for a SBA loan. If so, we will walk you through the process and may provide you with a wide array of information and resources to aid in ensuring your continued success. If you would like to see if SBA loans are right for your business, contact us today:http://somervillenationalbank.com/contacts/

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