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Chapter 7 has no maximum loan amount.
While you cannot get a loan for small business directly from the government, you can take out a loan from a bank or other lending institution that is guaranteed by the Small Business Administration (SBA). The main loan program is called the 7(a) Loan Program, and it is designed for existing businesses and start-up businesses.
The interest rate on a VA small business loan is set on the basis of the prime interest rate. For a loan of $25,000 or less 7 years or less Prime + 4.25%, and for $50,000 or more 7 years or more Prime + 2.75%
No
A Chapter 7 BK is very tough to see past. Short of waiting the required time period you may work on your business credit separately.
Chapter 7 has no maximum loan amount.
While you cannot get a loan for small business directly from the government, you can take out a loan from a bank or other lending institution that is guaranteed by the Small Business Administration (SBA). The main loan program is called the 7(a) Loan Program, and it is designed for existing businesses and start-up businesses.
No, because C-7 dissolves the business...and it can't do nothin anymore.
The interest rate on a VA small business loan is set on the basis of the prime interest rate. For a loan of $25,000 or less 7 years or less Prime + 4.25%, and for $50,000 or more 7 years or more Prime + 2.75%
No
form_title=SBA 7(a) Loans form_header=If your business desires financial help, but also includes special requirements. Get the financial backing you need with a SBA 7(a) loan. How much money are you looking to receive?=_ When do you need your loan?=_ Are you currently listed as a small business in your previous years tax statements?= [] Yes [] No Have you received any similar small business loan in the past?= [] Yes [] No
Yes, it is an unsecured loan.
Yes.
maybe
chapter 7
Yes you can if you have a fair credit score.
A Chapter 7 BK is very tough to see past. Short of waiting the required time period you may work on your business credit separately.