Keyword Analysis & Research: business loans for small business


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Frequently Asked Questions

What is a good credit score for a small business loan?

Since small business loans typically have higher limits than personal loans, the requirements for financing can be strict. You should have a credit score above 700 to seek a personal loan; to seek a business loan, your score should be as close to 800 as possible.

Does my small business qualify for a business loan?

To qualify for a small-business loan, you may have to provide collateral to back the loan. Business collateral is an asset, such as equipment, real estate or inventory, that can be seized and sold by the lender if you can't make your payments. It's a way lenders can recover their money if your business fails.

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