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5 Reasons you may not be eligible for an SBA Loan

5 Reasons you may not be eligible for an SBA Loan

You’ve probably heard about SBA loans if you’re looking for funding to finance starting or growing your small business. Loans which can be supported by the U.S. Small company management (SBA) are attractive for small enterprises simply because they provide a selection of loan sizes, long repayment terms, & most notably, low-interest prices. While many alternative company loan providers charge because high as 80 % APR, you could get an SBA-backed financial loan for approximately seven % APR, with regards to the quantity you’re trying to borrow as well as for just how long.

So what’s never to like about SBA loans? Unfortuitously, it could be hard to get authorized.

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