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SBA 504 loans, for example, will require a down payment of 10% or more. SBA loan requirements vary based on the lender and the particular loan program, but you’ll typically need several years in ...
The loan-underwriting changes are one among many SBA leadership has rolled out since President Donald Trump's inauguration in January. The Small Business Administration is getting rid of Biden-era ...
Because the new borrower has to meet current SBA loan requirements, this process is similar to applying for an SBA loan from scratch. The new borrower should be prepared to provide the following ...
The SBA's 7(a) business loan program were approved by 74% more of manufacturing business owners in the first 90 days of Trump ...
That said, minimum credit score requirements will vary per lender, with some being more flexible than others. With traditional bank or SBA loans, it’s common that you’ll need excellent credit ...
At the same time, the cost-cutting department is pushing to eliminate more than 40 percent of the SBA’s workforce. DOGE, in a recent post on X, announced that moving forward all direct loan ...
Are you looking for a small business loan that doesn’t require you to put up collateral? Traditional business loans are often ...
Kelly Loeffler, head of the U.S. Small Business Administration, toured several factories on Long Island on Thursday.
Traditional banks often offer the most affordable financing but have strict requirements. Alternative lending options, such as SBA loans and online lenders, are available for those who don’t ...
The Small Business Administration raised fees on its flagship 7(a) loan program in an effort to course correct after the program lost money for the first time in more than a decade. The move will ...
Announcing the move in the Oval Office, Trump said, "I’ve decided that the SBA… will handle all of the student loan portfolios… [out of] the Department of Education immediately", adding that ...