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Bank lenders often require at least a 670 FICO score, 2 years in business and $150,000 to $250,000 in revenue annually. These factors assess whether your business can handle the loan payments ...
SBA 7 (a) loan. The most common government-backed small business loan with loan amounts of up to $5 million available. Money can be used for almost any purpose, including working capital, payroll ...
Small business loans usually range from $1,000 to $5 million. Different types of small business loans are designed to meet various funding needs. From long-term commercial real estate loans to ...
To help you qualify for a small business loan, we’ve identified eight common requirements for a business loan. 1. Annual revenue requirement. While revenue requirements vary by lenders, most ...
Getting a startup business loan is possible, but you’ll need to follow some steps to help your chances of approval. 1. Check your credit score. Your credit score is one of the primary factors ...
The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. Tooltip Public Law (United States) 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance ...
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