Funded: Understanding SBA Loans- Get Non-dilutive 🤑 For Your Business
As a sci-tech startup founder, understanding your options for obtaining funding is critical. Knowing where to get smart money can be everything.
SBA backed-loans can be one source of financing for a small technology business. Listen to the podcast of my friend and banker Martha Londagin of Legacy National Bank. She talks about using SBA loans to obtain non-dilutive financing for a company.
The SBA (Small Business Administration) helps small businesses get loans. The SBA works with lenders to provide loans to small businesses. The agency doesn't lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. (Source: www.sba.gov)
“An SBA loan requires less money down, and offers longer [pay-back] terms”
-Martha Londagin of Legacy National Bank
Did you know you can use registered intellectual property to collateralize some loans? Let your trademark registrations, patents, and copyright registrations work to help you get funded.
About this Series
Funded is a legal information series related to funding your science and technology startup. Using intellectual property such as patents, trademarks, and copyrights as tools to fund and monetize your sci-tech startup can be a good strategic move for your business.
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Angela Grayson, CIPP/US, CLP is an author, speaker, and lawyer. She is the Principal and Founder of Precipice IP, PLLC. Angela is a patent, trademark, copyright, and technology law attorney with almost 20 years of experience helping science and technology companies protect products, brands, designs, and data from idea to launch.
👉🏿 Sign up to join our community for more information about ways to manage your company’s intellectual property. Precipice provides intellectual property and technology law services, such as patents, trademarks, copyrights, privacy, and business formation expertise to science and technology startups.