This material may not be published, broadcast, rewritten, or redistributed. ©长城彩票官网 FOX News Network, LLC. All rights reserved. conducted by the U.S. Chamber of Commerce and MetLife, 47 percent of small business owners said that receiving federal funding through the Paycheck Protection Program was critical to their survival.
Continue Reading Below
A personal loan can provide an alternative source of working capital for businesses that aren't able to secure a disaster small business loan during COVID-19 or at any time when cash flow is tight. There are pros and cons to using personal loans in place of a small business loan.
Personal loans are typically designed to be used for personal expenses, such as 长城彩票官网 improvements or consolidating credit card debt. But in a , with no hard credit check required.
.
Once you've chosen a lender you'll need to complete the loan application. Generally, this involves giving the lender your:
had been approved through May 16, 长城彩票官网. The majority of loans went to businesses with less than $10 billion in assets and the average loan amount was $118,000. While approval rates for the program were disproportionate to applications initially, the National Federation of Independent Business reports that among its members, and almost 90 percent of those business owners had received funding through the program.
This material may not be published, broadcast, rewritten, or redistributed. ©长城彩票官网 FOX News Network, LLC. All rights reserved. FAQ - Updated Privacy Policy