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Key takeaways. The best business debt consolidation loans will offer you longer repayment terms or lower interest rates. You can use a variety of business loans to pay off current business debt ...
The U.S. Small Business Administration (SBA) offers low-interest loans for small businesses in financial need. There are several types of SBA small business loans , including SBA 7(a) loans and ...
Your debt-to-income ratio. Your business’s revenue and profit. Having a high credit score, low debt-to-income ratio and high revenue will give you the best chances of qualifying for a new loan ...
The U.S. Small Business Administration reports that over 33 million small businesses ... ways to decrease debt. However, if you are seeking relief from the high cost of a single business loan ...
President Trump signs the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), April 24, 2020. The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self ...
Small businesses hit hard by the coronavirus crisis can get swift relief from Small Business Administration programs created by the newly enacted Coronavirus Aid, Relief, and Economic Security Act.
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