Business Tips
Read these 1 Business Tips tips to make your life smarter, better, faster and wiser. Each tip is approved by our Editors and created by expert writers so great we call them Gurus. LifeTips is the place to go when you need to know about Personal Loans tips and hundreds of other topics.
Requirements to be eligible for a Small Business Admin Loan
It is often difficult for small businesses to obtain
financing through normal banking channels. The Small
Business Administration was created for this purpose.
In order to qualify for a Small Business Administration
loan you must meet the following criteria:
A business concern eligible for assistance from SBA as a small business is one that is organized for profit, with a place of business located in the United States. It must operate primarily within the United States or make a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor. Together with its affiliates, it must meet the numerical size standards as defined in the Small Business Size Regulations, 13 CFR 121.
The applicant firm must be a small business, must be unconditionally owned and controlled by one or more socially and economically disadvantaged individuals who are of good character and citizens of the United States, and must demonstrate potential for success.
| Guru Spotlight |
| Susan Sayour |
