SBA Business Loan Requirements

One of the keys to a successful business start-up and expansion is your ability to obtain and secure appropriate financing. To be successful in obtaining a loan, you must be prepared and organized. This workshop will cover the SBA's 7(a) loan program eligibility requirements and credit criteria to accommodate a wide range of financing needs.

General information will be provided on the following topics:

• Sources and uses of funds
• The components of a completed business plan
• Financial data
• Resumes of principals
• Site plan/physical description of building/land
• Terms and conditions
• Preparation for discussion with banker
• Ratios
• Fees associated with loan closing costs
• Shopping your loan
• Credit report