Small Business Administration loans for Minorities

Small Business Administration loans for Minorities

Step 1 Check your credit report before you begin the minority business loan process. Even programs geared towards helping minorities secure loans typically check credit. If there are errors on your report, ask the credit bureau to investigate and remove them. Step 2 Prepare a business plan that explains the reason for your business, your objectives and your goals. Include details about how you plan to fund and operate your business, whom your customers [...]


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Requirements for Small Business Loans

Requirements for Small Business Loans

Obtain a copy of your credit report to ensure that it’s accurate; you may even want to obtain a copy from all major credit reporting companies for your country. Ask the financial institution through which you hope to get a small business loan for a complete list of documents needed to apply for it. Also ask what additional information the lender requires for your loan proposal. Different institutions have different requirements for small business [...]

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Startup Loans for Small Business

Startup Loans for Small Business

Find money today for your new business with this review of the SBA s top three loan programs. Despite what you might see on late-night infomercials or some websites, none of the SBA s loan programs involve free money, government grants or no-interest loans. In fact, the SBA doesn t even lend funds directly to entrepreneurs--you ll need to strike up a relationship with a loan officer at your local bank, credit union or nonprofit financial intermediary [...]

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Government Grants for Small Business Loans

Government Grants for Small Business Loans

The nation’s economic woes have made it tougher for small businesses to get loans and grants. The SBA’s (PDF) loan volume is edging up for fiscal 2013 over 2012, but it’s still down from 2011s numbers. No statistical data is available for grants, but government budgets have been tight the past few years and many grant dollars are given by local and state governments. Yet loans and grants can help save struggling businesses, providing much-needed cash [...]

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Small Business loans for new Business

Small Business loans for new Business

Looking for small business loans? Prosper can help you get personal loans to use for your small business. Prosper loans are not traditional small business loans. Our personal loans are based on your credit score, and issued to you as an individual (not a business). For some small business owners needing loans, a personal loan won t answer their needs—but for other entrepreneurs, it s perfect. In some cases, such as when a business doesn t yet have [...]

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Interest rates for Small Business loans

Interest rates for Small Business loans

Article 7(a) Loan Amounts, Fees & Interest Rates The specific terms of SBA loans are negotiated between a borrower and an SBA-approved lender. In general, the following provisions apply to all SBA 7(a) loans. Loan Amounts 7(a) loans have a maximum loan amount of $5 million. SBA does not set a minimum loan amount. The average 7(a) loan amount in fiscal year 2012 was $337, 730. Fees Loans guaranteed by the SBA are assessed a guarantee fee. This [...]

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Government loans for Small businesses

Government loans for Small businesses

Government small business loans help put your own business within reach. First there’s the quest for a decent location, then comes building a customer base, followed by all the initial hiccups of generating a cash flow before your business grows roots and gains momentum. The beginning of a business is crucial because it’s when you gain or lose market credibility. If you disappoint your customers, they may not give you a second chance. If your business [...]

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Small Business loans for Women Veterans

Small Business loans for Women Veterans

Military.com | by U.S. Small Business Administration WASHINGTON – As the nation marks Veterans Day 2012, the U.S. Small Business Administration continues to build on its successful programs for America’s military veterans, helping tens of thousands of veterans each year with small business financing, comprehensive business training and counseling and access to federal contracts. Around Veterans Day, our thoughts turn to the men and women who are [...]

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Auto loans for Small Business

Auto loans for Small Business

Welcome to Brandl Motors Business Link Finance Department, your small business auto loan and commercial line of credit resource. We re eager to provide financing for all of your businesses automotive needs! All types of credit, from good to bad, can qualify for an auto loan. No credit, no problem! We will work with you to secure a no credit car loan if your situation demands it. Brandl Motors has strong relationships and is committed to finding you [...]

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Small Business Startup loans for women

Small Business Startup loans for women

A number of government agencies, non-profits and professional organizations offer business startup loans to women in an attempt to foster good relationships, create jobs and stimulate the economy. To truly understand the requirements of outside organizations, individuals have to acquaint themselves with the types of financing available to new entrepreneurs. Offering advice and counseling for free, places like the Small Business Association, or SBA [...]

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