Lendio

AUGUST 14, 2023

When it comes to small business loans, the US Small Business Administration (SBA) isn’t just a federal agency. These 2 programs provided a total of $30 billion to American small businesses. So the SBA serves as a spark plug for small businesses, which in turn strengthens our national economy.

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Lendio

AUGUST 8, 2024

SBA loans are managed by banks as well as various online and nonprofit lenders. The Small Business Administration (SBA), which oversees this program, provides annual reports detailing the number of loans approved by each lender. Minimum credit score: Not disclosed Time to funding: Not disclosed Best for large loan amounts.

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CreditStrong for Business

SEPTEMBER 13, 2024

Step 1: Establish Good Personal and Business Credit Scores Your creditworthiness is a fundamental element of the underwriting process, and lenders may look at both your business and personal credit scores. Here are five steps you can take to achieve your goal and get the funding you need.

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Eagle Business Credit

AUGUST 29, 2023

For small business owners looking to grow and expand their operations, obtaining the necessary working capital can be a significant challenge, especially when traditional bank loans are out of reach. Fortunately, there are various alternative funding sources available that cater specifically to businesses in need of working capital.

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CreditStrong for Business

JULY 1, 2024

You’ll usually need good personal and business credit to qualify for an account. They often have clients with no business credit history and only fair or bad personal credit scores, which start at around 600 for FICO. The SBA offers many programs to help startups and small businesses get financing.

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Fundera

DECEMBER 15, 2018

Small Business Innovation Research (SBIR) and Small Business Technology Transfer (SBTT) Grants. Rural Business Development Grants. FedEx Small Business Grant Contest. Resources for Minority Business Owners Starting Out. Grants.gov Federal Grants Portal.

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Lendio

NOVEMBER 17, 2023

Are you a small business owner looking to buy new equipment? Fortunately, the Small Business Administration (SBA) offers loan programs specifically designed to help small businesses purchase necessary equipment. If so, then you may already know that purchasing equipment can be a costly endeavor.

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CreditStrong for Business

SEPTEMBER 13, 2024

An SBA loan is a small business loan that’s partially guaranteed by the Small Business Administration. Among other forms of small business financing, SBA loans are generally more difficult to get. This process can take time because it involves both the lender and the Small Business Administration.

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CreditStrong for Business

JULY 29, 2024

Small business owners wear a lot of hats, but arguably the most important task is to obtain capital for your company. Without financing, it can be difficult to leverage your business toward growth and success. But getting a business loan can be difficult, especially if you’re a startup.

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CreditStrong for Business

JULY 1, 2024

Unfortunately, most brand new startups don’t have business credit, or they have poor business credit scores due to their lack of credit history, if they can even generate a score at all. However, it is still possible for startups with bad credit to get the capital they need.

Credit Scoring 52

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CreditStrong for Business

SEPTEMBER 13, 2024

SBA loans , which are partially guaranteed by the Small Business Administration, can be an excellent way to get the funding you need for your business. Step 1: Find a Lender The Small Business Administration doesn’t originate loans. Can I Get an SBA Loan Without a Business?

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Fundera

NOVEMBER 20, 2018

Business Credit Cards. Minorities are starting a growing number of small businesses in the United States. T here are more than 11 million minority-owned businesses in operation nationwide, almost double the number from a decade ago. These businesses employ over 6.3 Microloans. Short-Term Online Loans.

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Lendio

MAY 1, 2023

Startup Incubators Startup incubators are usually nonprofit organizations that help startups and entrepreneurs succeed. Grants Grants are ideal because they can provide you with small business funding but don’t need to be paid back. Perform a basic Google search to find incubators in your local area.

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Fundera

APRIL 15, 2020

– One year in business. – 500 personal credit score. – One year in business. To qualify for a SnapCap credit product, your business needs to meet the following requirements, at a minimum: Time in business : one year. Personal credit score : 500. Nonprofit organizations.

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Fundera

JULY 18, 2018

So, even if you don’t have an established concept and customer base, you might still qualify for equipment financing from an online lender—especially if you have a strong personal credit history. Your lender will want to see your credit score, of course, and an equipment quote, too.

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Fundera

OCTOBER 1, 2019

Oregon may be home to some of the world’s biggest brands—Nike, Pendleton, and Columbia Sportswear are all headquartered in the Beaver State—but it also boasts a vibrant community of small business owners, so it’s the perfect place for you to start your business. According to the SBA, small businesses made up 99.4%

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Fundera

AUGUST 22, 2018

With the right SBA loan consultant, or alternative resource, you’ll get insight and assistance on your SBA application, and make sure you’re applying for the SBA loan program that makes sense for your business. Through its lending program , the SBA encourages its partner lenders (most often banks) to finance small businesses.

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CreditStrong for Business

NOVEMBER 8, 2024

Building a business without the right amount of capital can be incredibly difficult, so it’s common for both new and established businesses alike to borrow money and leverage that debt to grow the company. A microloan is a small business loan that provides a small amount of funding, primarily for newer businesses.

Small Businesses 40

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CreditStrong for Business

FEBRUARY 14, 2025

Business loans backed by the Small Business Administration can be an attractive and affordable source of business financing. The reason your business wants to borrow money and the loan amount youre requesting can both have an impact on the type of SBA loan your company might be eligible to receive. territory).

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CreditStrong for Business

NOVEMBER 1, 2024

Small Business Administration (SBA) loans are the gold standard for business loans. However, like many types of business financing, they can be hard to qualify for if you don’t have a good credit score. Here’s what you can do to increase your chances of getting an SBA loan with bad credit.

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CreditStrong for Business

NOVEMBER 1, 2024

Fortunately, SBA Express loan requirements aren’t all that different, and you can actually get approved for this type of loan more quickly than other government-backed small business loans. The SBA Express loan program is a streamlined program for small businesses. What Is an SBA Express Loan? or its territories.

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CreditStrong for Business

JANUARY 10, 2025

You can apply for an employer identification number (EIN) for your small business directly with the IRS. An EIN is a nine-digit number that identifies your business for tax and credit purposes, along with other reasons. It’s similar to a Social Security number for individuals but is instead for businesses.

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