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Small Business Lending Statistics & Trends in 2024

SBA

Small Business Lending Statistics & Trends in 2024

Do older businesses succeed because they’re older? Or do they succeed because being older opens up more opportunities for funding?

Here’s How You Can Get an SBA Loan

Small Business Administration (SBA) grants millions of loans, counseling sessions, business development assistance, etc. available for business owners. Choosing the wrong SBA loan could mean that you’re losing out on important benefits that could help your business.

7 SBA Loan Options That Don’t Require Luck

There are several SBA loan options available, but which one is right for you. Do you even qualify. Here are details on 7 SBA loan options, who they work best for, and how to qualify.

Small Business Startup Loans for Minorities: 9 Great Ways to Startup Now!

Minority small business owners can get funding from Accion. The Accion Opportunity Fund is a financial support system that provides business owners with access to capital, networks, and coaching.

Drive Your Business to Success with SBA Commercial Vehicle Loans: Everything You Need to Know

Since the SBA does not actually specify the use of its lending products for vehicles, there are significant restrictions, including the obvious one of having to use the proceeds for an actual business purpose.

Standard Industry Classification Codes in a Recession – Which Get You Denied?

A Standard Industry Classification – SIC Code – may or may not be vital for SBA Paycheck Protection Program funding. Yet it is certainly important when it comes to other types of funding. Make sure yours helps you get financing!

How to Get an Emergency Business Loan & Save Your Dream

The Credit Suite Credit Line Hybrid is a great way for a business to get fast financing and leverage an owner’s good personal credit scores. You can get up to $150,000 in unsecured credit cards.

7 Unique Ways to Fund Your SBA Loan Down Payment

If you borrow your down payment from friends or family, that’s still a loan that you’ll eventually have to repay. Some small business owners might prefer to make some short-term sacrifices instead.

How to Buy a Laundromat With No Money – 6 Ways to Really Clean Up

While the laundry business is not officially considered high risk by the NAICS, vending machine operators are seen as a cash intensive business, which can make it harder to get money from a traditional lender.

How to Get a Loan From the Government to Start a Business

The Small Business Administration is in the business of facilitating loans for small businesses. Keep in mind that there is often a lot of paperwork involved with getting a loan from the SBA.