HomeFAQsLoans What are the financial and credit requirements for getting a loan?
What are the financial and credit requirements for getting a loan?
Generally speaking, all lenders require the borrower to have a minimum of 20-30% of the total funds needed to start and run a small business for three months. Additionally, the borrower will be required to provide collateral that is equal to, or greater than, the amount of the loan request. An excellent credit history is also essential. See our topic about Money for more information.
Funded in part through a cooperative agreement with the U.S. Small Business Administration.
The SC Women's Business Center is a program of the SC Manufacturing Extension Partnership, with management, oversight and support provided by SCMEP and its resources.
FAQs 
Funded in part through a cooperative agreement with the U.S. Small Business Administration.
The SC Women's Business Center is a program of the SC Manufacturing Extension Partnership, with management, oversight and support provided by SCMEP and its resources.