Small Biz Flash

5-2-23 - Types of SBA Loans and Basic Eligibility Requirements

May 02, 2023 Adam Hewitt
Small Biz Flash
5-2-23 - Types of SBA Loans and Basic Eligibility Requirements
Show Notes

FEATURE

Small Business Administration, or SBA, loans play a critical role in financing many small companies.  In this episode, we discuss the difference between 7a and 504 loans and talk about some of the basic eligibility requirements for getting an SBA loan.

Today’s guest is Laurence Leopold, of Byline Bank:

Laurence’s email:  lleopold@bylinebank.com
Laurence’s LinkedIn page:  https://www.linkedin.com/in/laurence-leopold-4496342/
Byline Bank’s web page:  https://www.bylinebank.com/

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NEWS ROUNDUP

1
Despite numerous ongoing concerns, a majority of small business owners are reporting increased revenue in 2022 from 2021, and are generally bullish about their growth in the next year.
https://newsroom.bankofamerica.com/content/newsroom/press-releases/2023/04/bofa-survey-76-percent-of-small-businesses-feel-well-equipped-to.html

2
Small business owners are stressed out about money, according to new research.
https://newsroom.lfg.com/small-business-owners-have-big-personal-finance-concerns-according-to-new-lincoln-financial-group-study.htm

3
Apple has launched a new small business website to mark National Small Business Week, which is this week.
https://www.computerworld.com/article/3694593/apple-wants-to-be-the-platform-of-choice-for-small-business.html

https://www.apple.com/business/small-business/

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👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.

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