How To Get an SBA Loan in 2024 [Easy Method]

  Рет қаралды 230,266

LYFE Accounting

LYFE Accounting

Күн бұрын

Пікірлер: 271
@meaganmua
@meaganmua Жыл бұрын
I've been researching SBA loans for a couple days and this video is the best video I've seen yet. Thank you for communicating everything to be easily understandable.
@scoygary
@scoygary 17 күн бұрын
You can get free money instead of loan to learn more about this comment below
@scoygary
@scoygary 17 күн бұрын
You can get free $$$ instead of loan to learn more about this comment below
@robertwilsoniii2048
@robertwilsoniii2048 7 ай бұрын
$5.5 million... wow. I wasn't aware the numbers were so high. That opens many doors, including into real estate.
@mickeytate1
@mickeytate1 2 жыл бұрын
Sounds easy All you got to do is make it to the Moon and back
@4_doctorherbherbs
@4_doctorherbherbs Жыл бұрын
Did you try doing the cash hack program, I did invest in the cash hack and I got paid $20,000 in few hours
@canadianhaitian
@canadianhaitian 4 ай бұрын
😂
@PianoLessonwithWarren
@PianoLessonwithWarren 9 ай бұрын
Great information. Thank you :)
@rehaboth203
@rehaboth203 Жыл бұрын
Thank you bro. Came across your video and found it informative.
@PracticeYourSpeech
@PracticeYourSpeech Жыл бұрын
Great video! I love everything Lyfe Accounting posts!
@myinhairitance7741
@myinhairitance7741 Жыл бұрын
A legitimate person needing a business loan have to go through hell to get a loan. Meanwhile, fools were getting PPP loans with no problems during covid for them to use to shop at Gucci and wherever else! It's not fair! Being an honest person doesn't seem to pay off! Smh
@TheKeppardWife
@TheKeppardWife 4 ай бұрын
Preach😢
@YouStillNeedToSleep
@YouStillNeedToSleep 3 ай бұрын
Learn how to lie, cheat, steal and not get caught!
@CocoaBananas23
@CocoaBananas23 18 күн бұрын
@@YouStillNeedToSleep basically what you have to do. Because the game is rigged anyway so play like them. All millionaires are not good honest people. They have lied cheated and stole to get and stay where they are.
@MrWaterbugdesign
@MrWaterbugdesign 3 жыл бұрын
I'm old and worked in more than a dozen tech startups in my career. IMO a loan of any kind should be a last resort. Loans are more useful for businesses with established cash flow to expand. For people starting a new business loans are a serious risk imo. It's best to start as small as possible and learn and then grow.
@ms.kimbrough8819
@ms.kimbrough8819 3 жыл бұрын
Very good advice
@tonyfields3392
@tonyfields3392 9 ай бұрын
Speak for yourself
@unknown-hb2to
@unknown-hb2to 8 ай бұрын
In other words only get a loan if you have the magic touch.
@robertwilsoniii2048
@robertwilsoniii2048 7 ай бұрын
Well at $5mil and 25 years it seems you commit your entire lifetime to the business anyway. I figure you just keep trying until it works. But you go all in. You can't sign it and change your mind...
@kingwillie206
@kingwillie206 3 ай бұрын
Great advice!
@taraashley5438
@taraashley5438 3 жыл бұрын
This is by far the most helpful video I've ever seen on this topic.
@LYFEAccounting
@LYFEAccounting 3 жыл бұрын
Thanks, Tara! That's the goal 😉
@Kyduh
@Kyduh Жыл бұрын
So if you can get a loan from a bank because you have a good personal credit score you can’t get a sba loan?
@anthonymasando8844
@anthonymasando8844 2 жыл бұрын
I like your detailed presentation and made it easy to understand the SBA loans.👏👏
@4_doctorherbherbs
@4_doctorherbherbs Жыл бұрын
Did you try doing the cash hack program, I did invest in the cash hack and I got paid $20,000 in few hours
@consumerlawninja
@consumerlawninja 6 ай бұрын
Greatful for your videos. You brake every single thing down on complicated topics. Thank you!
@2002erli
@2002erli Жыл бұрын
This is a very good, practical and instructional video- Thank You ! ! !
@jyroman22
@jyroman22 Жыл бұрын
Very informative! Than you, sir!
@TJ-qb4if
@TJ-qb4if 2 жыл бұрын
Thanks for this video king! Completing the application now. Wish me luck.
@naomiwoods8709
@naomiwoods8709 2 жыл бұрын
Having issues with your sba loan? I can link you with an agent who helped me with my business. You can reach him on lnsta
@naomiwoods8709
@naomiwoods8709 2 жыл бұрын
@sbaofficerdonald. Through there you can get he’s number
@sunshineupgrades
@sunshineupgrades Жыл бұрын
This is lit but ya'll should enable closed captions it would be super helpful
@mehmetekinci3149
@mehmetekinci3149 9 ай бұрын
I appreciate all the info.
@Fzirawi
@Fzirawi Жыл бұрын
Thanks for the information great video 👌
@RagnarLothbrok2222
@RagnarLothbrok2222 2 жыл бұрын
Great info man!
@4_doctorherbherbs
@4_doctorherbherbs Жыл бұрын
Did you try doing the cash hack program, I did invest in the cash hack and I got paid $20,000 in few hours
@roneikatate3239
@roneikatate3239 Жыл бұрын
This information is very helpful, Thank You. Do you have a video on how to set your business up for profit? Or can this be established during the Loan process.
@robertopiloto-sanchez6013
@robertopiloto-sanchez6013 2 жыл бұрын
Fantastic video
@ReMeTeka
@ReMeTeka 2 жыл бұрын
Great information, thank you
@a1media357
@a1media357 3 жыл бұрын
If you don’t have a business tax return what else could you use or does that make you eligible?
@roxannerodriguez7075
@roxannerodriguez7075 Жыл бұрын
So if I have past due student loans, (that I'm working on) can I ever approve for an SBA loan?
@GhostGrind
@GhostGrind 2 жыл бұрын
Can you get a sba loan to purchases a business that has been around for years?
@4_doctorherbherbs
@4_doctorherbherbs Жыл бұрын
Did you try doing the cash hack program, I did invest in the cash hack and I got paid $20,000 in few hours
@donniebrasco7725
@donniebrasco7725 3 жыл бұрын
you guys stay reading my mind. Ive been doing SBA research for weeks
@LYFEAccounting
@LYFEAccounting 3 жыл бұрын
Glad to hear I was able to help!
@channeldiali
@channeldiali 2 жыл бұрын
Can you get SBA loan to start a business???? Meaning never got business before or have one actually.
@YouStillNeedToSleep
@YouStillNeedToSleep 3 ай бұрын
You first have to have the business: registration with secretary of state, have a business name, business tax ID, business bank account account..you have to have a business ready
@chefprepjustindieh
@chefprepjustindieh Жыл бұрын
Thanks man! Great info
@JustImmaculate
@JustImmaculate Жыл бұрын
Great video.
@MrCTWIST
@MrCTWIST Жыл бұрын
If a partnership has three owners is it possible to hide 1 of their credit scores?
@Jenaeworld
@Jenaeworld 3 жыл бұрын
By far the best video I’ve ever seen in this topic. Answered all of my questions! 👌🏾
@LYFEAccounting
@LYFEAccounting 3 жыл бұрын
Watch Next: 101 Tax Write-Offs & Deductions For Entrepreneurs - kzbin.info/www/bejne/rqPbg4prrKyFgKM
@missheartbreaker1213
@missheartbreaker1213 3 жыл бұрын
This came at the perfect time!
@LYFEAccounting
@LYFEAccounting 3 жыл бұрын
Love it. Do you plan on applying for a loan?
@missheartbreaker1213
@missheartbreaker1213 3 жыл бұрын
@@LYFEAccounting Yes and i do need help! I was thinking of hiring you guys as my CPA for my business but i need to inquire the loan first! Is there any way you can assist me? :)
@beulahgarrick5711
@beulahgarrick5711 3 жыл бұрын
What if someone has a BK that is Dismissed or Discharged ?
@reubmgmt185
@reubmgmt185 Ай бұрын
I default on a student loan in 1990 but I eventually paid it off in 94 would that disqualify me from 30 years ago???
@neosapien1
@neosapien1 Жыл бұрын
I can buy businesses at 1-1.5x SDE and automate them switch into different categories to value at 4-5x SDE but since I have a 620 FICO and a judgment for $6k I guess I don't qualify for SBA on my own. :/ B.S.
@Itsyunlo
@Itsyunlo 2 жыл бұрын
Are these requirements the same across all states or are some more difficult to obtain a micro loan?
@vanessaulibarri9270
@vanessaulibarri9270 Жыл бұрын
How do I check my “business Credit score”?
@6henny443
@6henny443 Жыл бұрын
You don’t have one unless you make a dun & Bradstreet and Experian acct
@nspeaks772
@nspeaks772 9 ай бұрын
Dun and Bradstreet
@Cooperkid5971
@Cooperkid5971 2 ай бұрын
I was given 10% of the company and being asked to leverage my home/finances by an SBA lender. I'm i missing something when you said "must own 20% of the business" ?? Meeting with a lawyer this coming week before i sign anything.
@sonyhuu5598
@sonyhuu5598 Жыл бұрын
how do i get approved for an SBA 7a loan for a hair salon? i want to be a sole proprietor and hire staff to take care of the shop.
@renaissancem9836
@renaissancem9836 3 жыл бұрын
Very informative video, keep up the good work
@davewilson46
@davewilson46 3 жыл бұрын
So are they doing sba loans again
@HakingCampbell82
@HakingCampbell82 5 ай бұрын
I have no experience but I'm trying to figure out
@kalyanpaterson8134
@kalyanpaterson8134 5 ай бұрын
Hire a loan attorney
@rachaelm6406
@rachaelm6406 2 жыл бұрын
What if your student loan is in default. Will that disqualify one for a SBA loan
@4_doctorherbherbs
@4_doctorherbherbs Жыл бұрын
Did you try doing the cash hack program, I did invest in the cash hack and I got paid $20,000 in few hours
@forever_golfer1981
@forever_golfer1981 2 жыл бұрын
Is Keran the owner of Lyfe Accounting?
@4_doctorherbherbs
@4_doctorherbherbs Жыл бұрын
Did you try doing the cash hack program, I did invest in the cash hack and I got paid $20,000 in few hours
@divinefeminine6626
@divinefeminine6626 3 жыл бұрын
Very good
@mariselagonzalez1542
@mariselagonzalez1542 2 жыл бұрын
Can you assist with submitting SBA loan application?TIA
@naomiwoods8709
@naomiwoods8709 2 жыл бұрын
I can link you with an sba agent who helped me secure my grant application. You can reach him on lnsta
@naomiwoods8709
@naomiwoods8709 2 жыл бұрын
@sbaofficerdonald. Through there you can get he’s number
@ygnruvere7108
@ygnruvere7108 3 жыл бұрын
What's the website for the Micro loan
@SoloDistrictNews
@SoloDistrictNews 6 ай бұрын
So the government covers a percentage? or pays back if no return?
@kelvinpittman3963
@kelvinpittman3963 3 жыл бұрын
I would like to know more about the small business scoring system, please.
@christopherstewart9132
@christopherstewart9132 7 ай бұрын
Any recommendations on lenders?
@biofractal78
@biofractal78 5 ай бұрын
the tittle of this video is misleading. You did not explain HOW. ... Step 1: do this do that. You only described and explain the requirements. I can't find a video that actually explains HOW... thanks for the effort and the information. the name of the video is probably to get attention. Touche...
@ms.lightning5612
@ms.lightning5612 3 жыл бұрын
The simple truth is an SBA Loan is easy to get. However, make sure you understand all the extensive rules & regs that come with it. Not worth it
@aymannakhla70
@aymannakhla70 8 ай бұрын
Great information. Can I use my HELOC available cash in my bank for the 20% down payment and should i spice this money 90 days in my checking. Thank you
@guestname5141
@guestname5141 3 жыл бұрын
Greatest video. Hands down. Ty kind sir
@soundofonemelody4420
@soundofonemelody4420 3 жыл бұрын
You Guys Are The Absolute Best
@LYFEAccounting
@LYFEAccounting 3 жыл бұрын
You're the best for sticking with us. We appreciate you. 😄
@mohammadalamgir6096
@mohammadalamgir6096 8 ай бұрын
I am tax prepare ? I had sole proprietor Do I get SBA loan and do I did Debt program for yearly I am owner but not any employee?
@momoamen2702
@momoamen2702 3 жыл бұрын
I like ur style of presentation
@claudettewallace4935
@claudettewallace4935 3 жыл бұрын
Thank you
@LYFEAccounting
@LYFEAccounting 3 жыл бұрын
My pleasure!
@xooq_
@xooq_ 9 ай бұрын
great thank you
@MyRatingsMakesSense
@MyRatingsMakesSense Жыл бұрын
What about those who want to acquire a business?
@fastlanetechnologies2512
@fastlanetechnologies2512 2 жыл бұрын
Can you help me with this process?
@kingrichard_1093
@kingrichard_1093 2 жыл бұрын
I need to get an SBA Loan for a food trailer, idk where to get one and if anyone can direct me or give me any helpful information, thank you.
@healingembers4064
@healingembers4064 3 жыл бұрын
What credit score range is preferred for consideration for an SBA loan?
@adamwoodie4029
@adamwoodie4029 2 жыл бұрын
Can you use an SBA loan to buy a family business that has a proven track record of being successful? For example say a convenient/country store
@4_doctorherbherbs
@4_doctorherbherbs Жыл бұрын
Did you try doing the cash hack program, I did invest in the cash hack and I got paid $20,000 in few hours
@adamwoodie4029
@adamwoodie4029 Жыл бұрын
@@4_doctorherbherbs yeah, I did. I made 20 million in 3 minutes
@OfficialDanielSilvas
@OfficialDanielSilvas 3 жыл бұрын
Thank you, Lyfe Accounting for another amazing advice
@LYFEAccounting
@LYFEAccounting 3 жыл бұрын
My pleasure. Thanks for watching.
@carolynboone3336
@carolynboone3336 3 жыл бұрын
Great content. Ty
@LYFEAccounting
@LYFEAccounting 3 жыл бұрын
Thank you!
@jonathanlemus7703
@jonathanlemus7703 Жыл бұрын
So I can’t get an sba loan if I don’t have business ? 😒
@4_doctorherbherbs
@4_doctorherbherbs Жыл бұрын
Did you try doing the cash hack program, I did invest in the cash hack and I got paid $20,000 in few hours
@Ivan-fs9nz
@Ivan-fs9nz Жыл бұрын
Can you get an SBA loan to open a new business for the first time or does it have to be an existing business?
@shin7998
@shin7998 Жыл бұрын
That’s what I’m trying to find out
@jacobcarter5923
@jacobcarter5923 3 жыл бұрын
Wow! Extremely helpful, thank you!
@LYFEAccounting
@LYFEAccounting 3 жыл бұрын
My pleasure, Jacob. Thanks for tuning in.
@desmondgraham650
@desmondgraham650 3 жыл бұрын
I got a SBA loan , I just bought a business, paying back 900 /month 25 year , " just do it. just, have your documentations.
@anthonyjackson3455
@anthonyjackson3455 3 жыл бұрын
What website do u apply on?
@eshanmostofa2391
@eshanmostofa2391 10 ай бұрын
where do I apply ?
@HakingCampbell82
@HakingCampbell82 5 ай бұрын
I'm trying to figure out how to get this Loan
@MrRobfriv
@MrRobfriv 2 жыл бұрын
Is this the loan I can use to start my business or buy a business?
@susanholt9997
@susanholt9997 2 жыл бұрын
The loan is for people who already have a business
@susanholt9997
@susanholt9997 2 жыл бұрын
Are you trying to apply for one?
@naomiwoods8709
@naomiwoods8709 2 жыл бұрын
I can link you with an sba agent who helped me with my business
@sandeepsandhu5028
@sandeepsandhu5028 Жыл бұрын
Can I get loan if I already don't own business to start a business?
@emphone66
@emphone66 Жыл бұрын
yes
@queenshay333
@queenshay333 3 жыл бұрын
I was in default years ago with my student loans ! Going to school to end up paying for school , now it’s stoping the support in my business!! I literally hate that I went to school 😩😩😩😩😩
@fortune390
@fortune390 3 жыл бұрын
You need help from the SBA loan officer to get your business up and running again. One helped me out when I was facing the same challenges. Here's his handle
@fortune390
@fortune390 3 жыл бұрын
Sba,officer,derrick
@fortune390
@fortune390 3 жыл бұрын
On lg
@FinancialFreedomMadeSimple
@FinancialFreedomMadeSimple 3 жыл бұрын
Wow! Thanks for the idea, very helpful.
@LYFEAccounting
@LYFEAccounting 3 жыл бұрын
No problem! Thanks for watching.
@ignacioparpal6678
@ignacioparpal6678 3 жыл бұрын
Very nice video! I have a question, if im not a owner of busines but want to buy a business i can be approved to SBA LOAN with collateral of the business asset? Thanks!
@jadayachumbris3066
@jadayachumbris3066 3 жыл бұрын
Is the able to be forgiven?
@abdikadirmohamedsaid4927
@abdikadirmohamedsaid4927 2 жыл бұрын
How know apply sir
@ziggyc4474
@ziggyc4474 2 жыл бұрын
Which sba loan is one for starting up a business ?
@toddyates5854
@toddyates5854 2 жыл бұрын
Apply with sbaronald
@toddyates5854
@toddyates5854 2 жыл бұрын
On Insta-..
@toddyates5854
@toddyates5854 2 жыл бұрын
I’ll suggest you apply with sba
@toddyates5854
@toddyates5854 2 жыл бұрын
ronald
@4_doctorherbherbs
@4_doctorherbherbs Жыл бұрын
Did you try doing the cash hack program, I did invest in the cash hack and I got paid $20,000 in few hours
@miasherrer2541
@miasherrer2541 3 жыл бұрын
Can you tell me apply for mine
@AJ-pg6rg
@AJ-pg6rg 2 жыл бұрын
It’s way too many scams comments under this video. It’s up to the content creators to manage it. Hopefully people won’t fall for these scammer. Beware
@fuzzypanocha
@fuzzypanocha 3 жыл бұрын
My company got the first loan of 150,000 yet wouldn't qualify us for the second loan up to 500,000. Doesn't make sense at all and it's pissing me off.
@sigmundpannu9317
@sigmundpannu9317 3 жыл бұрын
You are referring to EIDL, while this gentleman is discussing traditional, non disaster related, SBA loans.
@whopperheadtv1416
@whopperheadtv1416 3 жыл бұрын
Could u help me.
@fortune390
@fortune390 3 жыл бұрын
Sir O'Leary your company needs proper guidelines from a loan officer. One assisted my niece with her's. Here's his handle
@fortune390
@fortune390 3 жыл бұрын
Sba,,officer,,derrick
@fortune390
@fortune390 3 жыл бұрын
On lg
@forever_golfer1981
@forever_golfer1981 2 жыл бұрын
So I can get an SBA loan to start a gym for example?
@naomiwoods8709
@naomiwoods8709 2 жыл бұрын
You need to have a business going. I can link you with an sba agent who helped me with my business
@naomiwoods8709
@naomiwoods8709 2 жыл бұрын
@sbaofficerdonald.
@naomiwoods8709
@naomiwoods8709 2 жыл бұрын
You can reach him on lnsta. Through there you can get he’s number
@Asadkhan-oq9wm
@Asadkhan-oq9wm Жыл бұрын
@@naomiwoods8709 I need loan can u give me?
@minsoo8327
@minsoo8327 2 жыл бұрын
75% to 90% or 75% to 95%? 8:20
@4_doctorherbherbs
@4_doctorherbherbs Жыл бұрын
Did you try doing the cash hack program, I did invest in the cash hack and I got paid $20,000 in few hours
@Westlatvv
@Westlatvv 3 жыл бұрын
I need help on my mine
@Westlatvv
@Westlatvv 3 жыл бұрын
Damn bots
@lilzach06
@lilzach06 2 жыл бұрын
Who are the lenders for startups
@jonathanwhalen1041
@jonathanwhalen1041 10 ай бұрын
thank ypu
@GODHATESADOPTION
@GODHATESADOPTION 3 жыл бұрын
Is mining bitcoin passive income?
@KuntryBlackBo
@KuntryBlackBo 3 жыл бұрын
How miner do you have? I'm trying to get into it myself
@anthonymazar3178
@anthonymazar3178 2 жыл бұрын
If a man can beg one thousand dollars a week on a street corner and it's been done many times over y even ask the SBA with all their bureaucratic red tape and so many rules that deny the average man, certainly won't ask a loan from them. I can get it on street corners and don't have to pay it back, cause I ask and recieve from the people and we're both blessed freely.
@stevenanderson7194
@stevenanderson7194 Жыл бұрын
Thank you for this video. If my business is registered in the U.S. and I live in the U.S. but I want to use the funds to operate a business in Africa, does that disqualify me from an SBA loan?
@tonyvuong6459
@tonyvuong6459 3 жыл бұрын
Can you help application ?
@tonyvuong6459
@tonyvuong6459 3 жыл бұрын
How to contact you to help application my friend
@jonathanstriedinger9685
@jonathanstriedinger9685 3 жыл бұрын
Please help me fill it out
@anthonymazar3178
@anthonymazar3178 2 жыл бұрын
No! I can beg more money on certain street corners and I have. To he'll with the SBA!!!
@TrapstarJolene
@TrapstarJolene 6 ай бұрын
👏👏👏
@MathildaArthur-e4l
@MathildaArthur-e4l 3 ай бұрын
Bahringer Lights
@watchmovies7713
@watchmovies7713 3 жыл бұрын
as a temporary former SBA employee this is interesting video to me
@tooblampow4313
@tooblampow4313 2 жыл бұрын
My name is Koran Smith this may be the video for me🤣
@naomiwoods8709
@naomiwoods8709 2 жыл бұрын
I can link you with an sba agent who helped me with my business. You can reach him on lnsta
@naomiwoods8709
@naomiwoods8709 2 жыл бұрын
@sbaofficerdonald
@quintonjamar6943
@quintonjamar6943 2 жыл бұрын
Loan?
@susanholt9997
@susanholt9997 2 жыл бұрын
Yes the loan is for people who have businesses already
@susanholt9997
@susanholt9997 2 жыл бұрын
Were you able to file for yours?
@naomiwoods8709
@naomiwoods8709 2 жыл бұрын
I can link you with an sba agent who helped me with my business. You can reach him on lnsta
@naomiwoods8709
@naomiwoods8709 2 жыл бұрын
@sbaofficerdonald. Through there you can get he’s number
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