Lines of Credit vs. Term Loans vs. SBA: Choosing the Right Tool

Description

Register here: https://www.score.org/ut/utah/business-education/lines-of-credit-vs-term-loans-vs-sba-choosing-the-right-tool/

Understanding your financing options can help you make smarter borrowing decisions and choose the right funding for your business. This workshop will explore the differences between term loans, business lines of credit, and SBA financing, including when each option may be the best fit.

We’ll also take a closer look at three primary SBA programs—SBA Express, SBA 7(a), and SBA 504—and how they can support different business needs, from managing cash flow and purchasing equipment to acquiring real estate and funding growth.

In this workshop, you’ll learn:

• How to choose the right financing tool for the right purpose 
• The difference between short-term flexibility and long-term financing 
• The three primary SBA programs and their best uses 
• How to evaluate financing beyond just the interest rate 
• How loans and lines of credit can support different stages of your business 
• How to make more confident borrowing decisions 

Whether you’re starting a business, managing day-to-day operations, planning for growth, or preparing for a business transition, you’ll leave with a clearer framework for selecting financing that aligns with your goals.