All Forum Posts by: Michael Kowal

The Small Business Development Initiative (SBDI) offers a minimum of $100,000 to assist small businesses and aspiring entrepreneurs for starting and growing small businesses. According to the United States Small Business Administration (SBA), two primary reasons for small business failure is a lack of business planning and inadequate access to business credit and funding. The SBDI focuses on these two areas at no cost to qualified participants.

Key benefits of the SBDI:

• Access to a minimum of $100,000 in business credit/funding
• No personal credit check (funding is based upon EIN not SSN)
• No cost to participate as the SBDI is funded through grants and sponsorships
• Available for any type of business without regard to location or stage of development (pre-startups are accepted)
• Professional assistance in business planning and financial management including an assigned Chief Financial Officer (CFO) to advise you in starting/growing your business
• Turn-key program that is easy to use so you aren’t distracted from growing your business

I know of two options, depending on your credit. If your credit scores are over 700 you may qualify for unsecured lines of credit for up to 200k. I also work with hard money investors that will finance up to 90% purchase and rehab costs for fix and flip or 80% for rental properties depending on your experience.

Thank you both for the input and Happy Easter!

I get a lot of satisfaction out of helping business owners access financial resources that allow them to grow their revenues and profits using conventional and alternative lenders. Learning more about marketing online is a priority for me, would like to hear any tips from those who do this successfully and the best ways to educate myself.