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Finance Essentials For Small Business.
Get all your questions answered about the finances of your business. From Cash Flow to Financing options. Learn from the experts. Our Free series is just what you need to assure your success.
Lenders and government-guaranteed loan programs have unique eligibility requirements such as eligible use of proceeds to get the loan. Small businesses will need to provide documentary evidence to show how the proceeds were used once they are successful in attaining their loan.
In general, eligibility is based on what a business does to generate revenue, the character of its ownership, and where the business operates.
Normally, businesses must meet SBA size standards, be able to repay the loan, and have a sound business purpose. The lender will provide you with a full list of eligibility requirements for your loan.
Sponsored by SCORE Boston and East Cambridge Savings Bank
Presenter: Daniel R Martiniello, SBA
Recorded on 5/18/22