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How to get a small business loan through SBA:

You are a small business and you are running short on money. It is hard find the money that you need because you are not likely going to be able to cover the expenses using your own checkbook. There are so many things to pay for and you just cannot quite stretch your budget thin enough to cover them all.

There are expenses such as paying your employees, renting a building to run your business in, buying equipment, buying supplies, paying for utilities etc. There are so many things. Some are big and some are small. Not matter how small or big they are, the expenses add up and pretty soon you find that you need a lot more money than you have.

There are many ways to get this money. The most common way is through a loan. You can either get a regular small business loan from the bank or you can go through the SBA, which gets its money through people who privately lend the money or through other organizations and such. The SBA is mainly for those you cannot get loans and such from other places. Getting a small business through the SBA (small business administration) is a good way to go if you are struggling and it is not incredibly difficult to do.

The first thing to do when you want to get a small business loan through SBA is to get in touch with SCORE. SCORE is the "service corps of retired business executives." These people will help you and give you financial counseling. You will need to show them how much you have and how much you need. This counseling does not cost you anything and there are almost four hundred offices all over the U.S.

After you contact SCORE you will want to contact SBA. You can go through their website, you can email them, or you can contact them by phone. You will need to figure out what type of loan you will be applying for and then you will need to get the paper work for that loan. They basically have three different types of loans for you to choose between.

After you choose from one of these, do the paper work. This may include things such as a credit report, a business plan etc. If these things are not included in it then you will want to be sure to include them in it to boost the companies confidence and trust in you. They need to be able to see that you are a person who works well with money.

After this you will want to find a bank that deals with the SBA and submit your work to them. After they have received it they will be able to process it and let you know whether or not you will receive the loan. Once you know this then you can move forward on your next steps. If you receive the money then you can start running your business more successfully. Hopefully.

If you do receive the loan then you will have the money you need to get your business on its feet. Once your business is up and running then you will hopefully start generating more cash flow and you will be able to start running on your own. If you only generate enough to pay for your expenses, that is a problem. You want to generate enough to have some left over after all the expenses are paid. SBA can be a great way to help you get to this point.

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