How to Prepare Your Loan Application
Each SBA loan program has its own eligibility criteria and application process. However, as you prepare to submit your paperwork, you will need to gather and prepare similar loan application documentation.
This section provides resources to help you understand the process and what you should expect as you work with your lender and apply for your loan.
What to Consider Before You Apply
Before you embark on a formal loan application it's vital that you have a clear picture of your financing needs. It's also helpful to understand what factors influence the decision of a lender when your application is reviewed.
Gather Your Application Paperwork
From personal and business finance statements to tax returns, business permits, and more, read the checklists below to understand what paperwork you need to support your loan application.
Prepare your Loan Application
What format should your loan application take? While your lender can advise on their specific requirements, this guide can help you prepare your application and ensure you include the necessary elements for a winning submission.
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Credit Factors
How do lending institutions assess your application? The answer generally depends on the type of funding you are seeking and what assets you can provide for collateral. This section provides important information about the factors that lenders ...
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Before you seek financial assistance, you should thoroughly assess your current financial situation. Ask yourself the following questions to determine your business' financing needs: Do you need more capital or can you manage...
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Use this checklist to ensure you have everything the lender will ask for in order to complete your SBA loan application.
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The SBA is not your only source for small business loans, if you are applying for a traditional business loan use this checklist to help you prepare.
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