5-9-23 - SBA Loan Applications and Using a Credit Line

FEATUREWe continue the conversation from last week with an SBA loan expert, talking about the timely topic of credit availability, as well as what paperwork is needed to get a loan.  We also look the right and wrong way to use a credit line.Today’s guest is Laurence Leopold:Laurence’s LinkedIn page:  https://www.linkedin.com/in/laurence-leopold-4496342/----------NEWS ROUNDUP1Small business’ access to credit tightened in April.https://b2c-cms2.b2cdev.com/small-business-lending-index/april-2023282% of business owners plan to obtain funding for their business in the next 12 months, but only 29% will seek out traditional bank loans.https://newsroom.bankofamerica.com/content/newsroom/press-releases/2023/04/bofa-survey-76-percent-of-small-businesses-feel-well-equipped-to.html3The Small Business Administration is trying to reverse a decline in the number of small businesses that have contracts with the federal government.https://federalnewsnetwork.com/contracting/2023/05/agencies-spending-record-amounts-on-small-business-contracts-amid-shrinking-pool-of-firms/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at [email protected].🖥️ Learn how I can help your small business at https://eraynay.com/.----------Email me at [email protected] give me feedback on the podcast.Show web site:  www.smallbizflash.com