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.
Bold fields are
required
Have you applied for a Bus Loan
within the last year?
Have you or any
principal/partners ever had a bankruptcy?
If
yes
Are you or any principal
involved in any pending lawsuits?
If yes
describe
Are all your current taxes
paid?
Do you owe money on student
loans?
If yes, are you current
w/payments
Do you have the ability to make
a down payment on the loan?
If
Yes
Do you own your own
home
If
Yes
How much equity in your
home
Describe any additional
collateral you can offer
Will there be
partners
If married will spouse be on
the loan
Are you and partners US
citizens
If no, do they have a "green
card"
Have you ever been arrested or
convicted of a criminal offense
