In order to qualify for a microloan from the SBA, an entrepreneur must have adequate collateral and a proven track record of success.

Question

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The SBA microloan program does not require collateral, but does require a good credit history and the ability to repay the loan. Applicants are also required to provide a business plan and demonstrate their ability to manage and operate the business.

In Order to Qualify for a Microloan from the SBA