SBA Loans

Best uses

• Business acquisitions and partner buyouts
• Owner-occupied commercial real estate
• Major expansions and build-outs
• Equipment and long-term working capital
• Refinancing eligible business debt

Typical borrower profile

• Established, for-profit U.S. businesses
• Owners with reasonable credit and no recent defaults on government debt
• Businesses that can document cash flow to support payments

Potential qualification factors

Every lender sets its own criteria, and no factor guarantees or blocks approval on its own. Commonly reviewed items include:

• Time in business and industry experience
• Business and personal financials
• Owner credit history
• Collateral and equity injection where required
• Eligibility under SBA size standards

Documentation to have ready

• Government-issued ID
• 3 to 6 months of business bank statements
• Basic business information (entity, EIN, time in business)
• Voided business check for funding
• Business and personal tax returns
• Profit and loss statement and balance sheet
• Business debt schedule
• Personal financial statement
• Business plan or projections for some uses

Benefits

• Longer terms than most conventional products
• Competitive pricing for qualifying borrowers
• Larger amounts for acquisitions and real estate
• Multiple programs: 7(a), 504, Express

Common challenges to plan for

• Documentation-heavy process
• Longer timelines than alternative products
• Personal guarantees are standard

Frequently asked questions