Business Plan Trucking 2019 Edition: Apply For A Government Funded SBA-Loan

By J.W. Lessing

Why do I need a business plan?Because you can apply for a government-funded loan (SBA loan) instead of a conventionalloan. The interest rate for a government-funded loan is the current prime rate plus 1.75 to6.5 points depending on your credit history and the loan can be granted for up to fifteenyears. The interest rate for a conventional loan is up to 4% higher than for an SBA loan andthe length of a conventional loan is on average only up to five years. Even if your credithistory is not perfect, you have a much better chance to get approved for an SBA loan thanfor a conventional loan. Your chances of approval will also increase if you are a member of aminority group such African American, Native American, Hispanic American, an AsianAmerican, or if you plan to start or expand a woman-owned-business.

• Format: Paperback
• Language: English
• ISBN: 1731521626
• ISBN13: 9781731521620
• Release Date: November 2018
• Publisher: Independently Published
• Length: 48 Pages
• Weight: 0.29 lbs.
• Dimensions: 0.1" x 7.0" x 10.0"