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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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9 Steps to Handle Business Loan Rejection

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On the other hand, some of these are not easily fixable so you’ll have to look for alternative solutions to your financing problems. Don’t forget that many of these ratios have similar drivers, such as capital, sales on credit, accounts receivable, inventory, payment patterns, etc. You can also ask your bank about SBA-backed borrowing.

SBA 163
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The Glow Up: 13 Sources Of Alternative Financing For Startup Businesses

YoungUpstarts

Are you having trouble getting financing for your business through your bank or credit union? If you can’t get a traditional loan through your financial institution, you should consider alternative financing. To see what alternative financing options you have, keep reading below. Short-Term Loans.

Finance 147
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Financing Your Business During COVID-19

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Many small business financing options feel as though they have evaporated in the wake of the crisis caused by COVID-19. 2020 Will Be An Interesting Year For Small Business Financing. Does your business have the revenue and cash flow needed to successfully service debt? Can you repay a loan? Will you repay a loan?

Finance 136
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From Finder’s Fees To Financing: Where To Start When You Want To Buy A Hotel

YoungUpstarts

Total revenue of the hotel industry in the United States will surpass $200 billion this year. You need to have a deep understanding of the local hotel market before you consider hotel financing or anything else. You can use BizBuySell.com to search for hotels for sale in your area and price range. SBA 7a Loans.

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You’ve Got Funding: 5 Things to Do With the Money Right Away

Up and Running

According to 2016 statistics published by the Small Business Administration (SBA) , only about 78 percent of small business startups survive the first year, and only half make it to the five year point. You can always upgrade all of these items as your business starts to bring in revenue. Fancy office space and furniture.

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4 Reasons Small Businesses Fail

YoungUpstarts

There are four main reasons small businesses seek financing : startup costs, inventory purchases, business expansion, or business fortification. The SBA has a variety of loan programs and offers considerable resources to small business startups. If you need money, one of the best resources available is the U.S.