Who Qualifies for an SBA Loan?
To be eligible, the business must be operated for a profit and fall within the size standards set by the SBA. The business must not exceed tangible net worth in excess of $7.5 million or an average net income of $2.5 million after taxes for the last two years. The business must be owner-operated and for-profit. The business must be organized as a sole proprietorship, corporation, partnership or limited liability company.
