Jun 21, 2016Reasons can include business grants and loans for working capital, to buy machinery, to hire more staff, or even re-finance existing loans to
The Venmo Small Business Grant program awards 20 eligible small businesses funding to tech-forward startups across five different regions around the globe.
Eligibility Requirements
Lenders and loan programs have unique eligibility requirements.
In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates.
Normally, businesses must meet SBA size standards, be able to repay, and have a sound business purpose.
Even those with bad credit may qualif.
Get $500 to $5.5 Million to Fund Your Business
Loans guaranteed by SBA range from small to large and can be used for most business purposes, including long-term fixed assets and operating capital.
Some loan programs set restrictions on how you can use the funds, so check with an SBA-approved lender when requesting a loan.
Your lender can match you with the right loan for your business needs.
How do I find a business loan consultant?
While a quick Google search will turn up dozens of loan consultants and brokers, your local business network is the best first step to finding a business loan consultant near you.
Other entrepreneurs can offer guidance and recommendations, and point you to resources in your area to assist you in obtaining financing for your business.
How SBA Helps Small Businesses Get Loans
The U.S.
Small Business Administration helps small businesses get funding by setting guidelines for loans and reducing lender risk.
These SBA-backed loans make it easier for small businesses to get the funding they need.
In order to get an SBA-backed loan:.
1) Visit our Loans page to find the loan that best suits your need.
2) Enter your Zip Code on .
Where can I find a small business hardship grant?
Your state and local governments can be great places to find small-business hardship grants, as well as emergency business loans and other options for financial relief and assistance.
In the wake of a crisis — like the COVID-19 pandemic, for example — states and cities often create grant programs specifically to help small businesses.
