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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 ...
Personal loans offer young or new businesses an option to get funding without a business financial history. On the other hand, small business loans have many options, such as payroll loans or ...
Typically, lenders require the collateral used to secure the loan equal to 100 percent of the loan amount. If you take out a secured business loan, the value of your collateral should equal the ...
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 ...
Fast business lenders only ask for the most basic documents that they need to assess your company’s finances. You will most likely need this documentation when applying: Employer identification ...
Getting the right business loan can make all the difference in accessing enough capital to buy equipment, hire employees or cover daily expenses. Take a look below to find all the options you have ...
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