Remove Operations Remove Revenue Remove SBA
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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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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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How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

Along with my partner Stuart Lander, who runs operations at Upfront and is a former lawyer, we have scoured through, debated and helped scores of companies make this determination. This money is administered by the SBA (small business administration) and is obtained through an approved bank who reviews your application.

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Covid-19 is a marathon, not a sprint, for startups in US, UK and Israel

VC Cafe

Source: NVCA , “Startup Ecosystem Faces Capital Crunch over Coming Months” USA – SBA Loans and PPP. The $349 billion aid package issued by the US Government and distributed in the form of SBA loans was quickly gobbled up by a large number of applications, many of which were from venture-backed or PE-backed startups.

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Circular Advice from the SBA

VC Adventure

As I wrote about at the beginning of the week, the SBA has made a mess of the Payroll Protection Program. Yes, there are some challenges to parts of the structure of the program , but I was referring in that post to the SBAs implementation of the program and the varied guidance they’ve given since the program’s launch.

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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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Flatten the Oscillation of Production, Sales and Growth with Tailored Business Loan Programs

Women Entrepreneurs Can

Sales and revenue peaks need no solution; they are the solution. SBA and working capital loans are two examples. During a slump in revenue, you can draw to cover operating costs. At your upcoming general or executive meeting, you can arrive with answers to difficult operations or funding questions in your mind.