Small Business Financing Midlothian VA

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

John Clair
Leahy & Clair Financial Management
(804) 794-1981
15521 Midlothian Turnpike, Suite 102
Midlothian, VA
Expertises
Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Ongoing Investment Management, Retirement Plan Investment Advice, High Net Worth Client Needs, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®

John Bowen
Bowen Fuller Wealth Advisors
(804) 897-2850
2840 Polo Parkway, Suite 100
Midlothian, VA
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Tax Planning, Estate & Generational Planning Issues, Advising Medical Professionals, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, CPA

Edward Hoppe
Kuehl Shepherd Kozlowski & Associates, Inc.
(804) 592-3465
9030 Story Point Parkway, Suite 160
Richmond, VA
Expertises
Helping Clients Identify & Achieve Goals, Ongoing Investment Management, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, CPA/PFS, MS

Wendell Fuller
Fuller Wealth Advisors, Inc.
(804) 400-0371
2711 Buford Road, Suite 212
Richmond, VA
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, High Net Worth Client Needs, Planning Concerns for Corporate Executives, Estate & Generational Planning Issues, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®

James Shepherd
Kuehl Shepherd Kozlowski & Associates, Inc.
(804) 592-3465
9030 Story Point Parkway, Suite 160
Richmond, VA
Expertises
Tax Planning, Ongoing Investment Management, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, CPA/PFS, MS

David O'Brien
O'Brien Financial Planning, Inc.
(804) 419-6002
14241 Midlothian Turnpike, Suite 117
Midlothian, VA
Expertises
Helping Clients Identify & Achieve Goals, Ongoing Investment Management, Planning Issues for Business Owners, Retirement Plan Investment Advice, Estate & Generational Planning Issues, Advising Employee Benefit Plan Participants
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, MBA

William Lagos
Kuehl Shepherd Kozlowski & Associates, Inc.
(804) 592-3465
9030 Story Point Parkway, Suite 160
Richmond, VA
Expertises
Retirement Planning & Distribution Rules, Tax Planning, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc

David Kozlowski
Kuehl Shepherd Kozlowski & Associates, Inc.
(804) 592-3465
9030 Story Point Parkway, Suite 160
Richmond, VA
Expertises
Ongoing Investment Management, Tax Planning, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, MS

Michael Joyce
JoycePayne Partners
(804) 358-2702
9030 Stony Point Parkway, Suite 100
Richmond, VA
Expertises
Planning Concerns for Corporate Executives, Ongoing Investment Management, Alternative or Private Investments, Tax Planning, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, MBA

Marshall H. Groom, Jr.
Groom Financial Advisory
(804) 716-2100
2523 Park Avenue, Suite 2
Richmond, VA
Expertises
Ongoing Investment Management, Hourly Financial Planning Services, Retirement Planning & Distribution Rules, High Net Worth Client Needs, Estate & Generational Planning Issues, Planning Concerns for Corporate Executives
Certifications
NAPFA Registered Financial Advisor, CFP®, JD

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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