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6 Stories of Successful New Entrepreneurs to Inspire Your Business

Up and Running

How these six businesses worked with the SBA to grow. The Small Business Administration (SBA) is a federal agency that supports the US economy by aiding small businesses, including offering loans and grants as well as free education, assistance, and other resources. iRobot — From robots to riches.

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What Small Businesses Can Do To Survive And Thrive During The Pandemic

YoungUpstarts

You can, however, make sure you do your part in keeping your employees and yourself safe from the disease. During this time, it’s also important to safeguard the morale of your employees. According to NBC News, companies with fewer than 500 employees may apply for forgivable loans of up to $10 million.

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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. Once you meet the SBA’s requirements for being a small business, you’ll need to meet an additional set of requirements provided by your lender. Why is life insurance required to get an SBA loan?

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The Complete Guide to SBA Loans

Up and Running

What is an SBA Loan? As an independent agency of the government, the SBA partners with both public and private organizations to deliver its services, including loans. An SBA Loan is not a direct loan from the SBA itself. This helps to minimize the risk for both partners and borrowers. Virgin Islands.

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Tips for Writing a Successful Business Plan for a Daycare Center

Up and Running

This description should basically be an elevator pitch for potential partners and business investors to get excited about what you’re offering and your unique location, philosophy, and approach. What employee childcare discount will you offer? If you buy a business, an SBA loan can also be a possibility. Funding from investors.

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How to Start a Business: A Step-by-Step Complete Guide (2019)

crowdSPRING Blog

You should know that about two-thirds of businesses with employees survive 2 years and about half survive only five years. Find partners or investors. Your business location, facilities, equipment, and what kind of employees you’ll need are in this section. Businesses that survive and thrive have an unfair advantage.

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Why 9 of 10 Startups Fail and What You Should Focus on for Yours to Survive

The Startup Magazine

According to data from the SBA from 2019, the startup failure rate is around 90%. And without money, you can’t invest in effective marketing, you can’t hire more employees … and you will most likely fail. Once you start missing payments to your partners, it’s often the beginning of the end.

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