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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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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 Write an Executive Summary

Up and Running

But, investors can’t do due diligence without a full business plan. Your executive summary is the key to having your business plan reviewed. But the full reading of the complete business plan comes only later in the process, after we’ve screened summaries down to a very few that are interesting enough to do due diligence.

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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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The Ultimate Guide to Starting a Software Company

Up and Running

Since the term “cloud computing” was coined in 1996—at least as we have come to understand its meaning—the software as a service industry has exploded. If you use software like LivePlan, you can create this initial “lean plan” in under an hour and then spend your time where it really matters—on validating your idea.

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How to Start a Brewery: Growing Your Own Craft Beer Business

Up and Running

Backed by a team of private local investors , ColdFire gained access to additional capital through an SBA loan. While Dan heads up operations, his brother Stephen is head brewer, and their team also includes directors of finance and brand, respectively. Review your business plan regularly. Watch your finances.

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