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Over 300 small-business loans a day aren’t happening because of the shutdown – I’m not in a position where I can shut down my business like the government,” Davis said. The SBA guarantees loans, which enable small businesses such as the Penny Ice Creamery to borrow money at..
Buying a business is a big undertaking, and getting a loan to buy a business can be the most complicated part. Banks set high standards that both you and the business have to meet before you’re approved.