Lenders and loan programs have unique eligibility requirements. In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates. Normally, businesses must meet size standards, be able to repay, and have a sound business purpose. Even those with bad credit may qualify for startup funding. The approved lenders will provide you with a full list of eligibility requirements for your loan.
Be a for-profit business
The business is officially and operates legally.
Do business in the U.S.
The business is physically located and operates in the U.S. or its territories.
The business must have no less than $100,000 of annual gross sales.
Time in business
Your operation must have been opened for at least 6 months.
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