SMBs

All You Need To Know About Applying For Loans For Small Businesses

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Executive Summary

A small business is usually defined as a company that employs less than one hundred people. A small business can be a sole proprietorship, a partnership, or a privately owned corporation. Small businesses enhance economic growth and employment rates. The most common types of small businesses are restaurants, salons, photography studios, and small retail stores. Some businesses, known as "Mom and pop" stores, are companies owned by a family and generally only hire other family members.

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