19th Nov 2009 by Daniel Cross, ChFC
To apply for a small business loan, you'll want to make sure you have a formalized business plan that you can present to the lender. Most banks have small business loan packages that you can apply for. If you need less than $50,000, they call it a microloan and the qualifications are less stringent. Help can also be found through the Small Business Administration (SBA). Like any loan, they will check your credit, debt, income, and all the normal factors that play into getting any type of loan.
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