Tag: EIDL
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What Are SBA Loan Collateral Requirements?
KEY TAKEAWAYS There are multiple types of SBA Loans, including 7(a), SBA Express Loans and EIDL Loans. SBA loans, the most popular of which is the 7(a) loan, will typically use assets like real estate and inventory as collateral for security. SBA loans, the most popular of which is the 7(a) loan, will typically use…
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How the SBA May Help You Recover From Natural Disasters
Hurricanes, wildfires, earthquakes, volcanoes, mudslides — all can be devastating to the health of your small business. In 2017, 40 percent of small businesses located within a FEMA-designated disaster zone reported natural disaster-related losses, according to the Federal Reserve. Forty-five percent of affected businesses reported asset losses of up to $25,000, while 61 percent reported revenue…