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Startup SBA Approval Blog
Read posts that guide you through the SBA loan process and help you get approved.
Blogs
How much can you borrow with a startup business loan?
Technically, you can get an SBA loan between $5k and $5M. How big or how small of a loan you can get will depend on the lender.
Porsha | June 8, 2024
How to create good financial projections for SBA startup financing?
Simply put, startup financial projections is a chart that shows lenders how your business will perform if they give you a business loan...
Porsha | May 16, 2024
How to create a good business plan For SBA startup financing?
People think startup business plans are just a simple who, what, when, where, why, and how. But in all actuality, it’s a customized write-up that showcases...
News Updates
What disqualifies you from getting a startup SBA loan?
When going for a startup SBA loan, there are minimum qualifications you must meet in order to be approved. These qualifications are...
Porsha | August 1, 2024
Why can’t startup businesses easily get financing from banks?
The reason startup businesses have difficulty getting financing from banks is because they are considered risky. Banks make money by investing it.
Do you need a down payment for an SBA loan?
In order to get a startup SBA loan you will need a down payment, this is called an equity injection. Investors call it “skin in the game” or “exposure”.
Porsha | July 1, 2024
Do banks loan money for business startups?
Most national banks, (Bank of America, Chase, Wells Fargo, etc.) do not loan money to startup businesses. A startup business can be classified as one of ...
How much income do I need for a startup business loan?
When you are borrowing money for your business, the most important thing is making sure your business is able to pay back the money.
How long does it take to get an SBA loan?
To be approved & funded with an SBA startup loan can take between 1-3 months. On average, we get our startup businesses funded in 8 weeks...
How big of a startup SBA loan can I get?
Realistically you can get approved for a startup SBA loan between $30k to $5M, and sometimes you might find a lender to go even lower...
Is it difficult to get an SBA Business Loan?
It is not difficult to get an SBA business startup loan if you do the following: 1. Create a thorough business plan. 2. Create clear & reasonable...
How to Get an SBA Startup Loan?
The first step to SBA eligibility is having a registered business. This means registering your startup business with the...
Blogs
Porsha | June 8, 2024
