| 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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