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9 Steps to Handle Business Loan Rejection

Up and Running

Pre-Tax Return on Net Worth. This ratio is not applicable if the subject company’s net worth for the period being analyzed has a negative value. Banks compete for small business customers and sometimes a borderline case can get approval from a different bank. You can also ask your bank about SBA-backed borrowing.

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7 Advantages That Local Small Business Owners Enjoy

Startup Professionals Musings

According to recent statistics from the Small Business Administration (SBA), this approach still accounts for 99 percent the businesses out there today. As the total owner of your own small business, you have maximum control of where and how to spend your time and money.

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Is Life Insurance Required For Your SBA Loan Approval?

YoungUpstarts

When applying for a loan through the Small Business Administration (SBA), you have to meet some basic qualifications. For example, you need excellent credit , $5 million or less in annual revenue, and a net worth equal to or less than $15 million. Why is life insurance required to get an SBA loan?

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The Latest Questions Small Businesses Are Asking

Up and Running

Look honestly at all the pros and cons for this type of business venture. The local Small Business Development Center office is a resource that can assist with the venture feasibility process. What is meant by “company culture” and how is it important to my business? How can a business owner assess their company culture?

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Three Ghoulish Blunders SMBs Make Applying For SBA Funding

YoungUpstarts

Small Business Administration, nearly half of new small businesses are not in existence five years later. This stat underscores the competition that new businesses face as well as the need for owners and entrepreneurs to make sound choices with their firm’s money. According to the U.S.

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Find Your Ideal Job And Build Your Dream Business

YoungUpstarts

Business Ownership Strengthens Your Employee Net Worth. Quitting your job and then applying for a small business loan is a recipe for disaster. In addition, being employed allows you the flexibility of investing in your small business without the stress of adding more debt into your current financial portfolio.

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The Complete Guide to SBA Loans

Up and Running

What is an SBA Loan? Small Business Administration was created in 1953 to help Americans start, build and grow their businesses. As an independent agency of the government, the SBA partners with both public and private organizations to deliver its services, including loans. The SBA offers a number of loan programs.

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