Sba 7(a) Loans Explained | Intuit Small Business Blog

How Do I Know if I Am Eligible? Since these loans originate from private financial institutions, the SBA doesnt determine lendee eligibility, but, according to the agency, you must meet these guidelines: 1) Operate as a for-profit entity. 2) Meet the SBAs definition of a small business . 3) Conduct business in the United States. 4) Have personally invested equity in the company. 5) Be able to demonstrate a need for the loan. 6) Use the loan for sound business purposes .
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