Small Business Financing Lexington NC

Looking for Small Business Financing in Lexington? We have compiled a list of businesses and services around Lexington that should help you with your search. We hope this page helps you find Small Business Financing in Lexington.

Barry Swaim
Wealth Management Group, Inc.
(336) 760-4829
3401 Healy Drive
Winston-Salem, NC
Expertises
Retirement Plan Investment Advice, Planning Issues for Business Owners, Retirement Planning & Distribution Rules, Investment Advice without Ongoing Management, Middle Income Client Needs, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®

Ms. Jennifer Lynn Schoonmaker-Dasch, CFP®
(336) 248-6343
155 West Center Street
Lexington, NC
Firm
Edward Jones
Areas of Specialization
Estate Planning, General Financial Planning, Intergenerational Planning, Investment Management, Long-Term Care, Retirement Income Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided By:
Ms. Aimee S. Mcwhorter, CFP®
(336) 243-2772
PO Box 1974
Lexington, NC
Firm
Smith McWhorter, P.A

Data Provided By:
Ms. Jill A. Painter, CFP®
(336) 887-6000
1721 N Main Street
High Point, NC
Firm
Wells Fargo Advisors, LLC
Areas of Specialization
Asset Allocation, Charitable Giving, Investment Management, Investment Planning, Retirement Planning, Wealth Management, Women's Finances

Data Provided By:
Mr. Robert C. Blakely, CFP®
(336) 885-2530
1008 Hutton Ln
High Point, NC
Firm
Blakely Financial Inc
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Business Executives

Data Provided By:
Philip C. Grande, CFP®
29 W Center St
Lexington, NC
Firm
Raymond James Financial Services
Areas of Specialization
Banking, Budget Development, Comprehensive Financial Planning, Debt Management, Investment Management

Data Provided By:
Mr. William L. Rives, CFP®
(336) 248-8281
212 W Center St
Lexington, NC
Firm
rives & associates

Data Provided By:
Mr. Kevin H. White, CFP®
(336) 472-3527
1152 Randolph St Ste C
Thomasville, NC
Firm
Edward Jones
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Investment Management, Life Transitions, Long-Term Care, Retirement Income Management, Retirement Planning

Data Provided By:
Mr. Jamie David Sledge, CFP®
(336) 889-3013
115 W State Ave
High Point, NC
Firm
Sledge and Company, PLLC

Data Provided By:
Mr. David J. White, CFP®
(336) 793-3429
3540 Clemmons Rd
Clemmons, NC
Firm
Ameriprise Financial Services,
Areas of Specialization
Asset Allocation, Estate Planning, Investment Planning, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000



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Business Financing From The SBA / Small Business Administration

The Small Business Administration is the most useful resource available to startups and established small businesses. An Independent agency of the Executive branch of the Federal Government, the SBA has the responsibility of providing assistance to American small businesses in the areas of advocacy, management, procurement, and financial assistance. The SBA financing comes in the forms of investment programs, business loan programs, disaster loan programs, and bonding for contractors. In most cases, the SBA should be the first business financing resource a small business owner looks to for their financing needs.

The SBA has three different loan programs for small business financing . It is important to know that while the SBA has these programs, they do not actually provide the business financing . The SBA sets the guidelines for these loans, then their partners, which include lenders, community development organizations, and microlending institutions, actually make the loan to small businesses . The SBA guarantees the loans, to reduce the risk to the lenders.

The first type of business loan that the SBA offers is the Basic 7(a) Loan Guaranty. When a small business is unable to obtain financing from other sources, this is the primary business loan program offered. This is the SBA's most flexible business financing program, and it is ideal for start up business financing as well as established business financing . This type of new business financing can be used for most business purposes, such as working capital, equipment, office furnishings, land and building, leases, and even debt refinancing. The maturity date of the loan varies, depending on what the loan is used for. For working capital, the loan maturity is up to 10 years, while it is generally up to 25 years for fixed assets.

There are several different variations of the Basic 7(a) loan program, designed to fill specific needs. This type of loan is the closest a small business owner can get to free business financing, because any fees that the SBA has for administration are charged to the lender. However, the lender does have the right to make those fees a part of your loan, which means that you may ultimately pay those fees.

The second type of loan that the SBA offers is the Microloan. This is known as the 7(m) loan program. These are short-term loans of up to $35,000, and are primarily for small businesses and non-profit child care centers. They are meant to provide working capital, inventory purchases, supplies, furnishings, and equipment. They may not be used to pay existing debts or to purchase real estate. This type of business financing is great for business owners who wish to expand.

The third type of small business financing available through the SBA is a Certified Development Company (CDC) loan. Known as the 504 loan program, these loans should only be sought by businesses that require brick and mortar financing . These are long-term...

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