Who Qualifies for SBA loans?

Most businesses can qualify for these loans if they’ve operated for at least two years with good credit, have no recent bankruptcies or foreclosures, and have cash flow that is sufficient to make the monthly payments throughout the life of the loan. The actual approval requirements will depend on the individual lender and factors such as your business revenue, cash flow and credit score.

Documents Required for SBA Loans

- Entity Documents: Certificate of Organization, Official IRS EIN letter, Operating Agreement, Business Plans
- Personal and Business Tax Returns - 3 years review
- Profit and Loss Statements for the fiscal business year
- Balance Sheet
- Collateral: Real estate, equipment and more...



SBA LOAN RULES

Must be 2 years+ in business
U.S Citizens/Permanent Residents Only
Business Owner FICO: 660
Statement of Cash Flow
No Bankruptcies or Foreclosures in 3 years
No Outstanding Tax Liens
No Deliquencies on any Government loans
51% occupancy required by the borrower

Got Questions? 

781.691.9555