The idea behind the SBA-backed loans was that the commercial banking system wasn't offering small business owners the same types of access to capital to start, grow, and keep their businesses functioning that those financial services institutions offer to larger businesses -- given that they often have more assets and collateral, a larger cash flow, and a lengthier and more proven credit history.
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The following step-by-step guide will outline how businesses qualify for SBA-backed loans, the different type of loans that the SBA guarantees, and how to be successful in securing an SBA-backed loan. writes about products and services in this and other articles.
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