Sba: Some Answers

Robert asks…

If I am a permanent resident, am I still elgible for an SBA loan?

I am planning on purchasing a Small Business (Medical Practice) with the help of the SBA. I am not sure if one of the requirements for getting help from the SBA is to be a US citizen or not. Does anyone know for sure?

Thanks and I look forward to your replies!

admin answers:

Yes You Can Still Qualify For SBA!! I DONT KNOW MUCH ABOUT THAT BUT I KNOW FOR SURE IF YOU ARE PERMANENT RESIDENT YOU CAN GET SBA LOAN!!
My Brother Is Also United States Permanent Resident and he does have SBA Loan!! So Telling You From EXperience:)!!

John asks…

How can a person get an SBA Loan with poor Credit and no Collateral?

I seek serious help. I have a small business that is growing large. I need more financial venture capital, but I have poor personal credit and no Collateral. How can I obtain a SBA Loan, or a Large Bank Loan to help my business grow?

admin answers:

Have you considered factoring? This works well if your business has unpaid invoices also if you accept credit cards. Factoring companies don’t care about your credit or collateral (for the most part). Also, you have quick access to funds. If you have any questions about this, please send an e-mail to tmessick1@yahoo.com

Mark asks…

What is a characteristic for funding through IPO, banks and the SBA?

What is a characteristic for funding through IPO, banks and the SBA?

admin answers:

Depends on what your trying to do. Do you need a Loan? Do you need to incorparte? Figure out what exactly you want. You made to work on building “strongbusinesscredit” before funding your business. If you have no clue what strong business credit is you should try to google it. Get be careful of any advance fee loan scams

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