Todays Sba Loan Rates

EXECUTIVE SUMMARY

* Approach SBA financing the way you would any other loan request. Be proactive with your banker and provide as much information as possible.

* Educate your banker on the product or service for which you need funding. Discuss the market, the competition, the risks, as well as the mitigating factors involved in your business.

* The SBA will want to see at least three years of business tax returns and personal returns for each owner with an ownership stake of 20% or more (for personal guarantee requirements), current business and personal financial statements, and resumes on borrowers as well as key managers.