Resource Center

Do SBA Loans Require a Credit Score Minimum?

SBA loans are funds provided to assist small business owners in their endeavors. Although these are intended to help these owners, there are strict eligibility criteria to fulfill before you can qualify for one.

Spotlight Business Credit and Funding

Based in Southern California, Spotlight Business Credit and Funding is a financial service company that focuses on funding small businesses and emphasizes on corporate credit. It also processes credit cards.

SOCi

SOCi is a company that comes under the category of marketing and advertising. It has an employee count of between 51 and 200 and has its headquarters at San Diego in the state of California.

Advantages of Working Capital Loans for Startups

A working capital loan has a crucial role to play in the growth of businesses, as it helps them to pay their daily expenses related to business operations. This financing option is not intended for the purchase of long-term investments and assets.

An Overview of Business Working Capital Line of Credit

You may be running a business which ebbs and flows with the seasons, or it may be dependent on invoices with turnarounds that are lengthy. The reasons for requiring a bit of additional working capital are pretty much endless. Thankfully, the solutions are easier to define.

Difference between Working Capital Loans and Business Lines of Credit

A business line of credit, also known as a LOC, is a business loan of small magnitude. In this, the lender, which is usually the bank, allows you to borrow money whenever the need arises. It is possible to use the LOC up until a certain specified limit.

Details on Used Equipment Financing for Those with Bad Credit

If you have a bad credit score, depending on exactly how bad it is, a piece of equipment’s age often will not have a huge impact on the rate of interest.

Benefits of Agriculture Equipment Financing

The need for equipment is more in the agriculture industry than in most others. Modern farms rely on many machines and tools for productive outputs, including tractors, cattle guards, milking equipment, and generators.

Basic SBA Loan Requirements for the 7(a) Loan

Businesses of all ranges can acquire approval for SBA 7(a) loans. The Small Business Administration has released a list of those industries that are excluded, and these comprise the following.

Average Home Equity Rates

A home equity loan (HEL) is a loan where a borrower gets an amount of money after they provide their house as collateral. A home equity line of credit (HELOC) is a revolving credit line set by the lender and is based on the equity of the home.

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