How do I apply for a Small Business Administration (SBA) Loan Guarantee?
SBA has three unique loan guarantee programs, each of which is designed to cover a variety of business needs, thus providing the most options to small businesses. (More on SBA’s Loan Programs: http://www.sba.gov/financing/sbaloan/snapshot.html ). As the programs are delivered by SBA’s partners and are not direct loans from SBA, businesses should consult their SBA district offices or contact the lending partners in their area before filling out any applications. Contact a local lender and discuss your loan proposal with one of their loan officers. Be prepared to discuss your proposal in detail with the lender. You should have the following information and materials available for the lenders to review: your business plan; your personal financial statements; your business financial statements (if already a business); collateral available to secure the loan; assumptions used in your projected earnings statements; management resumes of those involved in operating the business; and pro-forma
SBA has three unique loan guarantee programs, each of which is designed to cover a variety of business needs, thus providing the most options to small businesses. For more information on SBAs loan programs, please visit sba.gov. As the programs are delivered by SBA’s partners and are not direct loans from SBA, businesses should consult their SBA district offices or contact the lending partners in their area before filling out any applications. Contact a local lender and discuss your loan proposal with one of their loan officers. Be prepared to discuss your proposal in detail with the lender. You should have the following information and materials available for the lenders to review: your business plan; your personal financial statements; your business financial statements (if already a business); collateral available to secure the loan; assumptions used in your projected earnings statements; management resumes of those involved in operating the business; and pro-forma balance sheets sh
