Small Business Loan Requirements – and How to Meet Them

Small Business Loan Requirements – and How to Meet Them

Reeling from these tough economic times, you may be considering a loan for your business for the first time.

How do you get a small business loan? Should you apply to an online lender? Try to get a loan through a bank? Go through the Small Business Administration (SBA) for financing?

Many loan requirements are the same for the application process. Lenders and the SBA have specific conditions you must meet in order to get a loan. But with some loans and lenders, there is a protection program to ensure that you are safe.

An SBA loan may have special requirements that differ from the requirements of traditional loans. Every lender uses certain evaluations to determine your ability to repay.

Lenders look at bank statements, assets in the business, financial statements, debt service coverage ratio, and personal and business credit score (present and history). Lenders also want you

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AirAsia, GoAir eye revenue growth from charter flights amid Covid-19

AirAsia, GoAir eye revenue growth from charter flights amid Covid-19


Charter flights are helping earn cash amid uncertain travel demand and rising fuel costs.


will be operating an additional 150 charter flights to bring home Indian citizens from West Asia, an airline spokesperson said on Tuesday. Until Monday, operated 51 charter flights carrying 8951 passengers to India.


An AirAsia India spokesperson said it has a few more domestic charter flights planned over the next few days under its ‘Umeed Ki Udaan’ initiative to support migrant workers’ return to their home. The airline has till now flown 26 charter flights within India and transported 4200 passengers. The highest demand for charters was to East and North East India, the airline said.




Domestic flights resumed on May 25 but seat occupancy is still between 55-60 per cent. Regular international flights are shut till July 31 and stranded Indians are

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Goldman India CEO Chatterjee tells clients liquidity is the biggest theme

Goldman India CEO Chatterjee tells clients liquidity is the biggest theme


Group is telling clients in India to fortify their balance sheets to prepare for the uncertainty brought by the pandemic.


“Currently, liquidity is the biggest theme among Indian businesses, and we are advising our clients to raise capital,” Sonjoy Chatterjee, the bank’s chairman and chief executive officer (CEO) for India, said in a phone interview.



The Wall Street bank has arranged some of India’s biggest equity offerings this year, according to data compiled by Bloomberg. The share sales include telecommunications carrier Bharti Airtel as well as lender Kotak Mahindra, controlled by Asia’s richest banker Uday Kotak.


Some of those funds will be needed to outlast the inevitable downturn. The International Monetary Fund is forecasting that India’s economy will contract by 4.5 per cent in the fiscal year through March 2021 as one of the world’s biggest

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UPS Launches Logistics Help Portal, Offers Discount to Small Business

UPS Launches Logistics Help Portal, Offers Discount to Small Business

As small businesses move towards reopening, United Parcel Service (UPS) has launched a dedicated portal to help them with their shipping needs. The new package by the messenger and delivery service company includes discounts, advice and other resources targeting the needs of small and medium-sized businesses (SMBs).

According to UPS, the resource portal will provide tools and resources to help them recover and pivot their businesses during these uncertain times.



UPS Small Business Coronavirus Recovery Help

Through its free Virtual Consultants, small businesses can get advice from a logistics expert on fulfillment. The company says this will run the full gamut of support regarding transporting customer orders. It will also include shipments, storing inventory, delivering orders on time and supply-chain management.

The support for small businesses also comes with a 45% discount for domestic air services and international shipping. Customers can also capitalize on the 25% discount from

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Joe Biden and India: Hindutva’s chickens may come home to roost

Joe Biden and India: Hindutva’s chickens may come home to roost

The “Howdy Modi!” moment in Huston September 2019 which has become inseparable from PM Modi’s slogan “Abki baar, Trump sarkar (This time around, a Trump government)”, unmistakably jettisoned India’s traditional neutrality in US presidential elections.

Should Democratic Party’s nominee Joe Biden win this November, however, India could rue Prime Minister Narendra Modi’s attempt to put the weight of the Indian Diaspora behind Donald Trump’s re-election bid. A Biden-led administration could potentially be far more critical of the Modi …



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Digital infra must increase access, affordability: Aadhaar chief architect

Digital infra must increase access, affordability: Aadhaar chief architect


If millions of India’s poorest who made dangerous journeys on empty stomachs and with empty pockets during the Covid-19 must not endure such misery again, the next wave of population scale digital infrastructure must enable dramatic reduction in their cost of access to food, lending and healthcare irrespective of physical location, chief architect of the world’s largest biometric identity platform Aadhaar told IANS.


“Nobody wants to lend you $100 for two days! The permanent solution is to look at access, affordance and choice and say how can we dramatically reduce the cost and dramatically increase access and affordability. And if you do that, we can solve a bunch of things,” Dr. Pramod Varma, chief architect of Aadhaar and India Stack, said in the context of those who have been hit hardest by the domestic Covid-19 outbreak.



By June 28, the

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