Categories
Entrepreneur Tips and Discussions

Loans I Could Qualify For With Little Collateral/Credit History

I am starting a small business and need a $70,000 business loan. The catch? I have practically no collateral. My credit score is fairly good above 750 but I’ve only owned a credit card for around two years and don’t have much other credit history. Do I qualify for anything? I know everyone probably says […]

Categories
Entrepreneur Tips and Discussions

A federal program promised small businesses up to $2 million in loans. Now it’s maxing out at $15,000.

🤨 [A federal disaster loan program offering up to $2 million in relief is now capping out at $15,000](https://theweek.com/speedreads/908081/federal-program-promised-small-businesses-2-million-loans-now-maxing-15000) View Reddit by billfishkin – View Source

Categories
Entrepreneur Tips and Discussions

Have any banks started accepting SBA Loans under the CARE Act yet?

Seeing a lot of places that banks were supposed to start taking applications for the SBA loans (forgivable loans up to 2.5x monthly payroll for US based small businesses). However my bank, Sillicon Valley Bank, hasn’t started accepting applications yet. Are any other banks taking applications? If so, please put their names down below. What […]

Categories
Entrepreneur Tips and Discussions

With the Covid-19 relief bill, expedited SBA loans are available.

The SBA has a page dedicated to disaster relief loans… so if your area has declared a state of emergency you can apply for a Covid-19 economic impact loan. [https://disasterloan.sba.gov/](https://disasterloan.sba.gov/) I was able to apply in about 30 minutes. View Reddit by WhiskeyBoyTX – View Source