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After determining which loans and terms best fit your lending needs, you can evaluate each lender by its application process, customer service, underwriting requirements and funding speed.
Documents for SBA LLC loans. U.S. Small Business Administration-backed loans are designed to improve access to capital, supporting growth and recovery for small businesses and startups. The SBA ...
A personal credit score also reflects how a business owner manages money, a good indicator of how they will handle a new business loan. Banks and credit unions usually require personal credit ...
Your business credit score will range from 0 to 100 (or 0 to 300 with the FICO Small Business Scoring Service). The score factors in your company’s size, payment history, industry and other debts.
You typically need a good credit score of 670 or higher, but they’re otherwise easier to qualify for than a business loan. You won’t have to meet requirements for making enough revenue or ...
Lenders also typically have yearly minimum revenue requirements you must meet to be considered for a small business loan. These typically fall between $100,000 and $250,000. These typically fall ...
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