The Small Business Administration hands out government business loans on a regular basis, but do you qualify? The best way to determine if you are eligible for a government business loan is to visit the website and read about the available options. The SBA has several loans including microloans, general loans, disaster loan programs, and more. The site also makes it clear whether some businesses will be eligible based on revenue, company age, and size.
However, if you aren’t sure whether you qualify for the government business loan, you can always contact the Small Business Administration directly to see if you are entitled to receive financial assistance. In most cases, maintaining a good business credit and credit report is enough to qualify (although there can be other stipulations). To find out more, visit the SBA website.
Have more questions? See more answers from Alot.