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A self-employed business loan can give you the capital needed to cover short- and long-term business goals. ... small businesses qualify as long as they don’t exceed a specific revenue limit or ...
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 plan and projections: Needing these documents is less common, but some lenders will ask, especially if you want a large or long-term loan or your company is quite new.
Types of small business loans. How you plan to use your business loan impacts the type of small business loan you choose. For some business owners, the funds may be used to cover day-to-day ...
4. Business plan. Many banks also like to see a business plan from small business applicants. A business plan outlines business goals and generally maps out a strategy for achieving those goals ...
Bankrate insight. You can get a clear picture of the total cost of borrowing by plugging the loan amount, term and interest rate into a business loan calculator.. 5. Gather documents and apply
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