Need To Know More About Small Business Loans?

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These loans supply small businesses with funds for multiple purposes. Whether the business owner needs access to capital for renovations, expansion, equipment and inventory acquisition, real estate purchase or simply working capital.

The business owner asks a lender if they qualify for a loan and the amount of money they can borrow. This amount depends on how much debt already exists, accessible collateral, business revenue, credit history, and other factors.

Because there are so many different types of loans available to a small business, these factors and requirements can vary.

Are You Eligible?

In most cases some basic information will be needed to review your loan request such as;

  • Length of time in business
  • Annual business revenue
  • Bank statements
  • Tax returns (business and personal)
  • Purpose of the loan
  • List of available collateral
  • Legal documents relevant to your business, (business licenses, franchise agreements, leases for commercial real estate, etc.)

With so many options available for business financing it’s important to work with a lender that is willing to understand your needs.

The team at Rocket SBA has decades of experience working with business owners to provide financing solutions that enable you to grow your business.

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