In this rough economy, the SBA has encouraged lenders to be as flexible as possible in order to help small business owners make it through to the other side. In most cases, the flexibility will come in the form of a loan deferment. While the SBA wants lenders to be flexible, the lender still needs to have reason to believe that your business will survive if relief is granted.
There are a few key factors that your lender will look at when determining whether you qualify for a deferment:
1) Cash Flow. When you think of cash flow, think of the 3 bears. Can’t have to little (they’ll think things are so bad you are beyond help), can’t have too Continue reading ‘How to Qualify For an SBA Loan Deferment Or Modification’ »
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