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10 Reasons You Don’t Qualify for an SBA Disaster Loan

Up and Running

Luckily, the SBA has created a separate COVID-19 Disaster Loan, with less stringent eligibility criteria and a streamlined application process to hopefully make more funds available for more businesses. . Most banks will not issue traditional SBA loans to brand new businesses. Your business is brand new.

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Tips for Writing a Successful Business Plan for a Daycare Center

Up and Running

Like it or not, this will likely affect your revenue and enrollment, especially if you are offering part-time care. That said, loans through the SBA can be standalone based on the viability of your business plan, so I recommend looking into them. If you buy a business, an SBA loan can also be a possibility.

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Why the SBA Funds Businesses Like Yours

Growthink Blog

In the United States, many entrepreneurs get SBA loans to start or grow their businesses. Small Business Administration (SBA) guarantees a percentage of each loan. government pays the rest). Applying for a small SBA loan from banks To take advantage of this for yourself, find out which local bank makes the most SBA loans.

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The Glow Up: 13 Sources Of Alternative Financing For Startup Businesses

YoungUpstarts

The lender will care less about your credit score when applying and more about your business’s revenue, which makes getting a short-term loan a breeze. The United States backed organization known as the Small Business Administration (SBA) has loans that are a great alternative to traditional bank loans. Online Loans.

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Top 10 Most Expensive Mistakes New Restaurant Owners Make

Up and Running

SCORE , SBDC , and the SBA all offer resources in the U.S. . The high cost of marketing, salaries, appliances, ambiance, and so on will dry up incoming revenue instantly. And it would help to remember that profitability isn’t going to be gained from revenue generated by occasional or casual dining.

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Need money? Read this!

Berkonomics

When the need is high… For the rest of us, desiring to build large, valuable enterprises quickly, the need for outside capital is high on our list of requirements and even the source for some sleepless nights as we worry over the availability and cost of capital. For those of you who fit that description, nice work.

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How to Start Your Own Gym

Up and Running

total revenues reached 27 billion U.S. Only 18 percent of total revenue in 2016 was from the top four largest players in the fitness industry, while small speciality gyms and independently-owned fitness businesses made up the rest. The Complete Guide to SBA Loans . In the U.S., dollars last year. Step 6: Market your gym.