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SLA loans

by mowman, Window Shopper

  • Created: July 16, 2012, 10:15 am
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2 comments
What are the requirements/qualifications to obtain a SLA loan?
Tags: Discuss Popular Topics, Loans & Grants
‹ Loans approval in minute Minority grants/loans ›

bizplanhelper | Window Shopper | 7/16/2012 - 1:22 pm

Generally speaking you need:

industry experience (management preferred)
excellent credit history
strong collateral
20-30% downpayment (cash)
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kburger | Community Moderator | 7/16/2012 - 10:30 am

To learn about the differences between loans, including an SLA  loan check out our blog post entitled, Need Money to Start or Grow your Business? SBA can Help. You can also learn about the SLA  by visiting the lenders menu and find the Small Loan Advantage under 7(a) loan programs. Hope this helps!