- Purchase Inventory
- Run payroll
- Invest in Marketing & Advertising
- Purchase New Equipment
- Hire Additional Staff
- Open an Additional Location
- Overtake the Competition
- Long Term Growth
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It’s also important to understand that the SBA’s lending standards favor businesses that can offer equipment and property as collateral. However, this is not necessary to qualify for the funding. If you are an established business that has significant financial needs, SBA-backed loans deliver a number of other benefits, including high funding amounts.