How do you get a business loan
[PDF File]BUSINESS INDUSTRY LOAN PROGRAM FREQUENTLY ASKED …
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BUSINESS & INDUSTRY LOAN PROGRAM FREQUENTLY ASKED QUESTIONS What is the B&I program? The Business and Industry (B&I) Guaranteed Loan Program is a loan guarantee program designed to assist credit-worthy rural businesses obtain needed credit for mo st any legal
[PDF File]NDA Member Guidance Small Business Loan Resources …
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The Small Business Administration has a network of at least 1,800 approved lenders that process small business loans and intends to add more of them. If your bank is not an SBA-approved lender or you don’t have an existing banking relationship, you can contact the SBA to find one. Time Period for Loan Applicability
[PDF File]OMB No. : 3245-0017 DISASTER BUSINESS LOAN …
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DISASTER BUSINESS LOAN APPLICATION . If you have questions about this application or problems providing the required information, please contact our Customer Service Center at 1-800-659-2955 or disastercustomerservice@sba.gov . If more space is needed for any section of this application, please attach additional sheets.
[PDF File]Applying for SBA Disaster Loans (EIDL)
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Mar 23, 2020 · •Do not second guess the process and ignore the credit elsewhere statement. •For Phase I processing, only losses of six months or less are eligible for the more expedited type of loan processing. Make sure you provide a specific loan amount on the application as an additional note.
[PDF File]CORONAVIRUS (COVID-19): SMALL BUSINESS GUIDANCE & …
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Coronavirus (COVID-19): Small Business Guidance & Loan Resources | For Informational Purposes Only | 2 We have provided this note on the government support measures available during the Coronavirus crisis for your general information only. The note is not intended to be advice that you rely on and we would encourage you to obtain
[PDF File]PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION …
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You will owe money when your loan is due if you use the loan amount for anything other than payroll costs, mortgage interest, rent, and utilities payments over the 8 weeks after getting the loan. Due to likely high subscription, it is anticipated that not more than 25% of the forgiven amount may be for non-payroll costs. You will also owe money ...
[PDF File]SBA Disaster Loan Program - Small Business Administration
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priordisasters, the deferment will be automatic. You don’t need to do anything. If you have any questions about which kind of loan you have, continue to make payments and contact your lender. Whatif I don’t want a deferment? If you’re a business loan customer, just don’t request a deferment from your lender. If you have an
[PDF File]Small Business Interruption Loans
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CARES Act Small Business Interruption Loans* Note that you are not required to retain employees to get the loan. If you have laid off or furloughed your staff so they can get unemployment, you can still get the 7(a) loan, but as we will see, the amount of loan forgiveness will be
[PDF File]The Small Business Owner’s Guide to the CARES Act
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The Small Business Owner’s Guide to the CARES Act The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now . …
[PDF File]How to Find and Qualify for the Best Loan for Your Business
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curing an affordable small business loan. A great thing to do before you apply for a small business loan is to pull your own credit report and check your credit score. You can do so for free at annualcreditreport.com. (Be wary of any other site that makes you pay!) By pulling your credit report, you now know exactly what lenders will be looking at.
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