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Zero working capital tries to minimize the working capital deployed in the cash conversion cycle to the extent possible, and if possible, continuing the process without any working capital at all.
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5% for loans over $50,000. Unlike, the 7a loan program for example in which the maximum spread over prime is 2. 75%. The other limitation with the SBA Express Loan program is that not all SBA lenders participate in this program this product tends to be more utilize with local and regional banks. The "Good" is that this 7a program provides the greatest reach to a broad industry base and is made available by many bank and non bank lenders. The advantage of the 7a loan compared to a conventional loan structure is that the borrowers will typically require a lower equity injection preserve capital to investment, a lower interest rate and have a longer loan term and amortization lower monthly loan payments then a typical conventional loan. The "Bad" is the loan process may be a longer process and more paperwork then a conventional loan but this also all depends on the selected lender and their experience in underwriting this loan program. Unlike, conventional loans the interest rate on the SBA 7a program tends to be a floating rate with periodic payment adjustment rather than a fixed rate. However, some lenders will offer fixed rate options for certain real estate or business acquisition transactions. Again this varies from lender to lender. The "Ugly" all principals with greater than 20% ownership interest in the business will be required to personally guarantee the loan.