The name of the game when it comes to business is making money. To do that, a business owner has to invest less than he or she pays to make a profit. It’s simple stuff in theory, but in practice can be anything but simple. Small business owners in particular may have trouble securing the financing required to purchase inventory, acquire new assets, expand their businesses, or cover their expenses. When money is tight, it becomes even more difficult to get back to the basics of spending less than you bring in. That’s where Cornerstone Capital Advisors can help.
We at Cornerstone Capital Advisors are financial experts assisting clients all over the country with finding and taking advantage of unique funding options for their businesses. We have extensive experience working with the United States government, particularly the Small Business Administration (SBA), on applying for and getting loan money with favorable terms. Real Estate and Non-Real Estate transactions can apply for 90% financing with terms of 10-30 years.
These days, it’s even more important than ever to have an advisor on your side who can navigate the governmental red tape that can come with applying for SBA loans.
As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES), the SBA offers a new variety of loans to keep businesses afloat. These include the Paycheck Protection Program EIDL (Economic Injury Disaster Loan) and Mainstreet Lending Program, for qualified business owners.