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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 ...
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 ...
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 ...
Small Business Administration loans are term loans or lines of credit partially guaranteed by the U.S. government. These loans have requirements and maximum interest rates set by the SBA. They ...
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.
Business formation information: Details like your company’s employer identification number, ownership and business structure are required for every loan. This ensures your company is legitimate ...
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