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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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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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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. For example, you need excellent credit , $5 million or less in annual revenue, and a net worth equal to or less than $15 million. Why is life insurance required to get an SBA loan? Applying for an SBA loan?

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

YoungUpstarts

On their website, you can learn more about the Paycheck Protection Program or PPP, the EIDL Loan Advance, the SBA Express Bridge Loans, and the SBA Debt Relief. The Express Bridge Loan enables small businesses that have a business relationship with an SBA Express Lender to get up to $25,000.

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5 Creative Ways To Finance Your Small Business When Revenue Is Low

The Startup Magazine

In a perfect world, small businesses would have an endless stream of revenue coming in and there wouldn’t be need to worry about financing. Sometimes businesses have to get creative when it comes to their small business financing, especially when revenue is low. However, we all know that’s not the case.

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Funding for Women-Owned Businesses

Women Entrepreneurs Can

Not only are women-owned businesses increasing at two and a half times the rate of all US businesses combined, but both the revenue growth and employment growth of women-owned businesses have also outpaced the national averages for all businesses. US Small Business Administration (SBA). Women-Owned Business Federal Procurement Program.

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9 Steps to Handle Business Loan Rejection

Up and Running

You can also ask your bank about SBA-backed borrowing. SBA stands for Small Business Administration, a federal agency that often provides partial guarantees on small business loans to promote small businesses. It could be a specific revenue number, the elimination of other debt, or a lengthier cash runway.

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