| The 7(a) Loan Guaranty Program is the
SBA's primary loan program. The SBA reduces risk to lenders by
guaranteeing major portions of loans, up to $1,000,000, made
to small businesses. This enables the
lenders to provide financing to small businesses when funding
is otherwise unavailable on reasonable terms. The eligibility
requirements and credit criteria of the program are very broad
to accommodate a wide range of financing needs. The Lo-Doc Program
is primarily used for smaller loans with up to $100,000
guaranteed to the lender. This one-page SBA application to
obtain guaranty has a quick turn around after meeting the
lenders requirements. The applicants credit history and
character greatly matter in this type of financing.
vide technical assistance.
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required |
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Have you applied for a Bus
Loan within the last year? |
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Have you or any
principal/partners ever had a bankruptcy?
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If
yes |
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Are you or any principal
involved in any pending
lawsuits? |
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If yes
describe |
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Are all your current taxes
paid? |
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Do you owe money on
student loans? |
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If yes, are you current
w/payments |
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Do you have the ability to
make a down payment on the loan? |
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If
Yes |
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Do you own your own
home |
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If
Yes |
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How much equity in your
home |
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Describe any additional
collateral you can offer |
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Will there be
partners |
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If married will spouse be
on the loan |
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Are you and partners US
citizens |
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If no, do they have a
"green card" |
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Have you ever been
arrested or convicted of a criminal
offense |
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If yes, when &
explain |
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If opening a franchise,
have you been approved? |
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Additional
Comments |
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Name |
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Email: |
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