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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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The Right Ingredients: SBA Loan Prep Steps

YoungUpstarts

Small businesses often seek out SBA loans for assistance with working capital because these loans have the lowestsingle-digit interest rates, and best repayment terms with lower monthly payments compared to other options. However, there are several challenges a small business faces when attempting to secure an SBA loan.

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Top Financial Resources for Small Businesses in Northwest Phoenix

The Startup Magazine

Running a small business is no small featespecially when it comes to managing finances. The Small Business Administration (SBA) also offers a variety of loan programs, including ones specifically designed for startups. Local banks and credit unions in Northwest Phoenix are often the best place to start.

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How to Get Funding for a Business

Up and Running

Most healthy businesses need business financing at some point. Startups have to deal with starting costs and ongoing businesses have to finance growth and working capital. Financing options depend on what kind of business you have. Don’t waste your time looking for the wrong kind of financing.

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The SBA Needs To Get It’s Act Together On The PPP

VC Adventure

The SBA’s implementation of the Payroll Protection Program (PPP) has been a mess. In particular, the SBA has given inconsistent guidance that continues to change and evolve, leaving companies left to wonder if they qualify or not. But, while very well-intentioned, it’s implementation has been flawed.

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9 Steps to Handle Business Loan Rejection

Up and Running

On the other hand, some of these are not easily fixable so you’ll have to look for alternative solutions to your financing problems. You can also ask your bank about SBA-backed borrowing. Explore other financing options. In that case, it may be worth exploring alternative financing options. Get a co-signer.

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The 5 Hidden Secrets Of Online Lenders

YoungUpstarts

The world of small business finance has dramatically transformed. Actively managing business credit can help you secure financing at better terms. Good business credit can also help ensure that you get financing when it’s needed. Many think getting an SBA loan is a tedious and time consuming process. Organization counts.

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