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Eligibility for SBA 355 financing primarily targets small businesses that meet certain criteria. Generally, these businesses must operate for profit and have a tangible net worth of less than $15 million, along with an average net income of less than $5 million after taxes. Additionally, businesses must not be engaged in illegal activities or have recent bankruptcy filings. Exploring the SBA 355 program can provide essential funding flexibility for eligible entrepreneurs looking to grow or stabilize their businesses.
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