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“Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.”
-Jack Welch

"Vision is the art of seeing things invisible."
-Jonathan Swift

Money to Grow with Little to Low Down

Complete this phrase: I'm from the government and I've come to….

If you finished it with "lend you money," you'd be in the minority but you'd be right on the money. I've been singing the praises of SBA-backed loans for a while now because they offer owners the ability to buy and develop their own locations and equipment with little down with payments spread out over a much longer period.

This means you get to keep valuable working capital in the bank in reserve for cash flow needs while keeping your monthly payments low.

Let me give you an example of an actual deal involving the purchase and remodel of an existing property. In this example, the borrower put down 10% of the project costs, but based on the borrower's business plan, recouped that down payment through the funding of working capital at the completion of the construction process. This sample is courtesy of Paul Jokerst, a loan officer with CIT Small Business Lending. continued...

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