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

Up and Running

Maintaining your business through the coronavirus crisis has likely led you to cut costs, revise your sales projections, and potentially seek out a loan to help you stay afloat. Most banks will not issue traditional SBA loans to brand new businesses. Moreover, the collateral that you provide is split between the SBA and the bank.

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Vital Tips For Small Businesses And Entrepreneurs During Covid-19  

YoungUpstarts

The Small Business Paycheck Protection Program provides small businesses with funds to pay up to eight weeks of payroll costs including benefits. But I would also recommend working with your Small Business Administration (SBA) lender, if you have one, to ensure that you have the right information needed to apply.

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The 5 Hidden Secrets Of Online Lenders

YoungUpstarts

By Evan Singer, General Manager for SmartBiz. Total loan costs can be misrepresented. APR enables borrowers to effectively compare the true cost of a loan as it includes all fees as well as the interest rate. Actively managing business credit can help you secure financing at better terms. Organization counts.

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How to Get Funding for a Business

Up and Running

Startups have to deal with starting costs and ongoing businesses have to finance growth and working capital. I’ll explain this more later, but assume that only a very few high-growth companies with high-power management teams are venture opportunities. You have management team members who have been through that already.

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Three Ghoulish Blunders SMBs Make Applying For SBA Funding

YoungUpstarts

By Evan Singer, General Manager for SmartBiz. For many small businesses, capital comes from SBA loans which provide the company with low monthly payments and reasonable rates. Here are three frequent bogeymen that can trip up a small business that wants an SBA loan: 1. Here’s a statistic scarier than any Halloween costume.

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8 Key Ingredients to a Profitable Consulting Business

Startup Professionals Musings

Yet, according to statistics from the Small Business Association (SBA), over half of new businesses offer something else - personal professional services, including consulting, business coaching, and advisory services. They use customer relationship management systems (CRM) for more effective tracking and data.

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What to Do When You Need a Disaster Loan

Up and Running

The process is approachable (I will go into more detail below) and has a relatively short turn around, but the SBA does have loan requirements for eligibility. In addition to assisting businesses in recovery, the SBA does provide home and personal property loans. Federal regulations in the U.S. Leasehold improvements. It happens.

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