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How to Get Funding for a Business

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For example, many ongoing businesses have access to standard business loans from a traditional bank that would not be available to startups. Also, high-tech high-growth startups have access to investment funding that would not be available to stable, established businesses that show only slow growth. Commercial lenders.

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5 Reasons You Might Not Qualify for an SBA Loan…and What to Do About It

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Small Business Administration (SBA) are attractive for business owners because they offer a range of loan sizes, long repayment terms, and most importantly, low interest rates. See Also Bplans Small Business Loan Finder. So what’s not to like about SBA loans? Loans that are backed by the U.S.

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Want to Know Your Chances of Securing a Loan? Use This Cheat Sheet

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Applying for a small business loan can be a time-consuming and stressful process. Many business owners want to know their chances of getting approved (or that they even stand a chance) before investing their time into searching and applying for loans. Time in business should equal 2+ years. So, what are your chances?

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How to Identify Your Strengths and Weaknesses

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See Also: 30 Small Business Ideas (for When You Don’t Know What Business to Start). Included in the books was a code to take the Strengths Finder test, which determines your top five “talent themes” (mine were Achiever, Ideation, Harmony, Learner, and Woo). The SBA: The U.S. Talk to people you trust.

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5 Signs Your Bank Is a Bad Fit

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As a small business owner, your bank has a big impact on your finances. See Also: 10 Things the Bank Will Ask When You Need a Business Loan. Larger banks typically charge fees on business checking accounts if you don’t maintain a minimum balance. Many small business owners work on the go and need online or mobile banking.

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Start Here If You’ve Never Searched for a Loan Online

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If you need a small business loan, and are considering turning to Google to help you find a lender, use the handy guide below to help streamline that search. If you don’t want to waste your time going lender to lender to ask these questions, you can try shopping through a business loan marketplace. But, that’s okay!

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SCORE Member’s Inside Advice on Using SCORE

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The name stands for “Service Corp of Retired Executives,” a volunteer organization, funded by the Small Business Administration, offering free counseling and related help to entrepreneurs and small businesses in the United States. You can get local contact information at this SCORE location finder page.

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