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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

This money is administered by the SBA (small business administration) and is obtained through an approved bank who reviews your application. you can at least sleep better at night believing that this SBA Program met its intended goal. The goal of the program is in the name?—?payroll payroll protection. Nobody knows for sure.

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The 10 Best Sources of Cash to Start Your Business

Startup Professionals Musings

Just don’t quit your day job before your new company is producing revenue. If your company needs only a temporary or small infusion of cash, you should try for an SBA loan, or a bank line of credit. Friends and family. After bootstrapping, friends and family are the most common funding sources for early-stage startups.

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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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Most Startups Get No Professional Investor Cash

Startup Professionals Musings

Just don’t quit your day job before your new company is producing revenue. If your company needs only a temporary or small infusion of cash, you should try for an SBA loan, or a bank line of credit. Friends and family. After bootstrapping, friends and family are the most common funding sources for early-stage startups.

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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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