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OBERLIN COMMUNITYIMPROVEMENT CORPORATION (OCIC)OBERLIN BUSINESS LOAN PROGRAM GUIDELINES AND APPLICATIONRevised March 8, 2022OCIC OBERLIN BUSINESS LOAN PROGRAM GUIDELINESI. INTRODUCTIONThe Oberlin
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How to fill out small business lending

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Understand the purpose of the small business loan.
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Research and compare different lending options.
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Small business lending refers to the process through which financial institutions provide loans or credit to small businesses to support their operations, growth, and capital needs.
Lenders who meet specific criteria set by regulatory agencies, such as the amount of small business loans they issue or the type of financial institution they are, are required to file small business lending reports.
To fill out small business lending forms, borrowers generally need to provide information about their business, including financial statements, business plans, credit history, and collateral details, as well as the purpose of the loan.
The purpose of small business lending is to provide necessary capital to small businesses for various uses, including starting a business, expanding operations, purchasing equipment, or managing everyday expenses.
Lenders must report details including the amount of the loan, the purpose of the loan, borrower demographic information, interest rates, terms of the loan, and any collateral involved.
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