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To qualify for an SBA loan, you will need to meet common eligibility requirements — in addition to having good personal credit and strong revenue. Find a lender.
There are several types of SBA 7(a) loans, including the standard 7(a) loan, 7(a) small loan, SBA Express and Export Express. Eligibility requirements vary by lender.
Depending on the type of SBA loan, you can use the funds for a range of purposes, including to buy equipment, real estate or inventory, but keep in mind that the application and approval process ...
SBA 7(a) loan requirements. SBA 7(a) loans come with a catch: you must meet the SBA’s strict set of requirements to be eligible for the 7(a) loan with all of its favorable rates and terms ...
Another 18 percent of SBA 7(a) loans went to startups with less than two years in business, totaling $1.87 billion, according to the SBA weekly lending report. 3. Check your eligibility
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with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub.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. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...
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