SBA loans take longer to fund than other business loan types. SBA loan approval time varies depending on your lender and SBA loan type, but generally, the total time between application and funding is between two and three months.
It can be harder for startups to qualify for business loans since many lenders want to that a business is profitable before they lend it money. One way to get around this Catch-22 is to use personal loans to finance the early stages of a business.
In order to receive offers through Amazon Lending, you must have a U.S.-based Amazon business. Amazon does not disclose its lending criteria, but it does state that you may qualify for one or more products at any time. To see if you have any offers, simply check the homepage of your Seller Central account.
To qualify for SBA 8(a) certification, your business must be owned and operated by socially and economically disadvantaged individuals. This usually means the business is minority-owned and that the owner doesn’t have many assets. Your company must also sell something that the federal government purchases.
If you like the convenience of Lendio’s business loans marketplace but can’t wait for an SBA loan or don’t qualify for one, you might consider applying for a faster or easier-to-qualify loan through Lendio, such as a short-term loan or business line of credit. To learn more about Lendio loans, including Lendio SBA loans and other loan types, read our in-depth Lendio review.
Buy now, pay later options are an easy way to increase your sales and decrease abandoned carts, and they are well worth the investment. This post takes a look at the best buy now, pay later services for different types of businesses. Read on to find the BNPL provider that’s right for you and your customer base.
When you take all levels of government into account, there is an overwhelming number of grant programs available to small businesses. As grants tend to be specialized, the trick is usually finding ones that fit the nature of your business.
If you run a small business, chances are you’ve come across the term “UCC Lien.” What is a UCC (Uniform Commercial Code) filing? Are UCC filings bad? How do I file a UCC termination? Learn what UCC filings are and how to protect your small business.
Working capital loans are one of the most versatile kinds of business loans you can get. Want to find the best working capital loans for small businesses? Read on to learn about your options for short- and long-term working capital, lines of credit, new businesses, & more.
Can your small business get multiple EIDL loans? Can you increase your EIDL size? Find out if it’s possible to get more relief funding from the EIDL program.
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