How to Get The Financing For Your New Small Business: Innovative Solutions from the Experts Who Do It Every Day by Sharon Fullen

Author:Sharon Fullen
Language: eng
Format: epub
Tags: small business, financing, capital, business plan, debt financing, equity financing, entrepreneur
Publisher: Atlantic Publishing Group
Published: 2014-01-15T00:00:00+00:00

Ineligibility for 7(a) Loans

Many types of businesses are ineligible for SBA assistance due to the nature of their businesses. These are mostly businesses that involve speculative investment, third-party finance, or passive investments, but also include businesses that engage in unethical or immoral practices.

Businesses that are ineligible for SBA assistance include:

• Those that deal in lewd or pornographic goods or services

• Those that deal with gambling or other illegal activities

• Lenders and investors

• Schools or academies

• Nonprofit corporations and charities

• Those that deal in speculative activities

• Pyramid sales companies

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