Tag: business credit score
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If I Get Turned Down for an SBA Loan, What’s Next?
Posted On: April 29, 2021 by Falcon National Bank in: Manage your Business | Business Banking
An SBA loan is a small business loan partially guaranteed by the Small Business Administration. SBA loans eliminate some of the risks for the financial institution that issues the loan. SBA loans work within a network of approved lenders that lend money to small businesses. While we may know the benefits of an SBA loan, one of the scariest questions to answer as a small business is what to do if you are denied. Determine Why Your Loan Wasn’t Approved According to the American...
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