Prospective entrepreneurs turned down by private lenders have little hope of getting financial help from the Small Business Administration, since the SBA's standards are even tougher than those of private lenders.

Question

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The SBA offers a number of programs to help finance small businesses that have difficulty obtaining loans from private sources. Sometimes the SBA will offer direct loans, sometimes it will guarantee private loans, and other times it will combine both of these approaches.

Prospective Entrepreneurs Turned Down by Private Lenders Have Little Hope