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 .
For the original version including any supplementary images or video, visit http://blog.intuit.com/money/sba-7a-loans-explained/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s