Prepare Now for an SBA Emergency Loan

Congress has appropriated $255 billion to the Small Business Administration for emergency loans to small businesses.  While the SBA is preparing its guidelines, it’s time for you to get ready, if you want one of these loans.  Certainly the SBA will attempt to “fast track” the loans, but the competition will be fierce, and you must be ready with all your paperwork in order.  I’m not a banker, but I know what banks traditionally require for small business loans, so if you want your request to be taken seriously, here is what you need:
Excellent Credit. If you have business credit …read more