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Written by PRWEB
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Tuesday, 22 December 2009 22:54 |
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Small businesses looking for a bank loan right now will have a tough time without a large down payment and high credit score. However, there are still options for businesses looking for an unsecured business loan.
United States (PRWEB) September 22, 2009 -- It's a tough time to get a small business loan says UnsecuredBizLoan.com. Since the fall of the largest banks in the US almost all traditional lenders have tightened their lending practices. Even some of the nontraditional lenders have tightened their standards.
As a result, most banks and credit unions are only lending to those with 720+ credit scores, 20% towards the investment, and 2 years of proven business experience. The Small Business Administration (SBA) has been able to open up the market to new business owners and many existing business owners.
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Last Updated ( Thursday, 17 December 2009 23:01 )
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