Denied the SBA
PPP or EIDL Loan?
Here’s something similar.
SEO, LEAD GENERATION, BUSINESS LENDING
SBA 7a Loan
SBA 7(a) small business loans can be used in many ways to help your business take that next step.
Expenses such as — payroll, rent, utilities, marketing expenses, events, and seminars all are approved under this loan type.
Wide Range of Uses
Can be used for marketing, membership programs, expos, payroll, 1099 payments, rent, utilities & more.
Low Interest Rates
SBA 7(a) loans offer some of the lowest interest rates with no additional fees.
Free Up Capital
By covering your operating expenses with this loan, you can deploy freed funds on other business improvements.
STEP 1:
Find out why your application was denied
Here are some reasons why your application would be denied.
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Low credit score (under 680)
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Not enough collateral
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Lack of business revenue to repay the debt
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Overleveraged - have an existing loan
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Criminal record
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No proof of Business taxes from 2019 and 2020
STEP 2:
Strengthen your application and reapply
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Improve personal and business credit
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Pay bills on time
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Pay down your debt
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Pay over the minimum payment
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Stop applying for credit
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Wait a few months for everything to update to the credit bureaus
We have credit repair options to help improve your credit within 1-3 months.
You will be able to re-apply and finally qualify. Having a strong credit score will help you to receive longer terms and lower interest rates.
Full Credit Wipe and Inquiry Removal
