What to Do If Your SBA Loan Application is Denied

Article highlights:

1. SBA loans are Small Business Administration loans backed by the US government.

2. The government accounts for 75% of the loan while the banks handle the remaining 25%.

3. SBA loans are competitive because of their low interest rates.

4. There are multiple reasons why the bank may not be willing to give out loans to small businesses.

5. Small businesses are classified under high risk ventures.

6. A credit score below 600...

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