Search results
Results from the WOW.Com Content Network
Loans guaranteed by SBA range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital. Some loan programs set restrictions on how you can use the funds, so check with an SBA-approved lender when requesting a loan.
The 7 (a) Loan Program, SBA’s primary business loan program, provides loan guaranties to lenders that allow them to provide financial help for small businesses with special requirements. 7 (a) loans can be used for: The maximum loan amount for a 7 (a) loan is $5 million.
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,...
Business loans can help you survive difficult times, improve cash flow or grow your business. Here are eight common small business loan requirements you should know.
Business loan requirements: 1. Personal and business credit scores; 2. Annual revenue; 3. Years in business; 4. Business industry and size.
Self-funding. Investors. Loans. Fund your business yourself with self-funding. Otherwise known as bootstrapping, self-funding lets you leverage your own financial resources to support your business. Self-funding can come in the form of turning to family and friends for capital, using your savings accounts, or even tapping into your 401 (k).
1. Choose a type of loan. 2. Decide how much you can afford to borrow. 3. Check your eligibility. 4. Compare small business lenders. 5. Gather required documents. 6. Apply for a business loan....
SBA loan requirements vary based on the lender and the particular loan program, but you’ll typically need several years in business and a good credit history to qualify.
Never fear, though—we’ll take you through the five steps of getting a small-business loan: Figure out why you need a business loan; Look at your borrower qualifications; Find a loan that fits your needs and qualifications; Choose the right business lender; Prepare and submit your loan application; That’s not so hard, right?
SBA loan requirements typically include good credit, strong finances and at least two years in business. You'll also need to meet criteria set by the SBA.