Eligibility for SBA Loan Guarantees
To be eligible for an SBA loan guarantee, a business must meet all of the following criteria:
In addition, the business must:
- be for-profit
- be independently owned and operated
- not be dominant in its industry
- have applied for, and been denied, a conventional loan by a private lender
 |
Warning
If at least two conventional lenders have denied your loan application, you may want to rethink, or rework, your business plans. Try to assess whether the denials are based upon factors that you can realistically overcome if your business gets going or whether adjustments in your plans are necessary.
|
|
|
Disclaimer: The material on this site is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. Full Disclaimer |
Small Business Library
Small Business Toolkits
Business Services Directory
The U.S. Chamber’s Small Business Connections directory puts you in touch with leading companies that provide services for businesses like yours.
|
 |
Urge your members of Congress to support the
U.S.-Colombia Trade Promotion Agreement. |
 |
|
 |
|
