Swoop Funding
APRIL 17, 2025
SBA 7(a) loans – Backed by the Small Business Administration, SBA Loans are among the most popular options for business acquisitions. If you’re applying for an SBA loan, be prepared for more documentation. A platform like Swoop can help you compare offers based on loan size, rates, and repayment terms.
Swoop Funding
APRIL 17, 2025
Instead of taking out a fixed loan amount, businesses can withdraw funds as needed to cover payroll and recruitment costs. Government-backed SBA loans also provide affordable financing for small businesses looking to expand their workforce. Find out more about Swoop’s editorial principles by reading our editorial policy.
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Swoop Funding
APRIL 17, 2025
For early-stage businesses or startups, SBA loans can offer more favorable terms, though they may take longer to secure and come with more documentation requirements. You can draw down funds as needed—useful if your app will be developed in stages or if you want to leave room in the budget for ongoing iterations.
Swoop Funding
APRIL 17, 2025
Finally, SBA loans can be used to purchase business-critical equipment, including computers, especially when part of a larger investment in infrastructure or operations. Another route is leasing , where the business pays a fixed monthly fee to use the equipment for a set term. Which businesses can finance computers?
The Franchise Insiders
FEBRUARY 3, 2025
Research and Due Diligence Conduct thorough research and due diligence on the franchise, including: Reviewing the Franchise Disclosure Document (FDD) : The FDD provides detailed information about the franchise, including its business model, financial performance, and contract terms.
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