How to Prepare Your Loan Application

Each SBA loan program has its own eligibility criteria and application process. However, as you prepare to submit your paperwork, you will need to gather and prepare similar loan application documentation.

This section provides resources to help you understand the process and what you should expect as you work with your lender and apply for your loan.

What to Consider Before You Apply

Before you embark on a formal loan application it's vital that you have a clear picture of your financing needs. It's also helpful to understand what factors influence the decision of a lender when your application is reviewed.

Gather Your Application Paperwork

From personal and business finance statements to tax returns, business permits, and more, read the checklists below to understand what paperwork you need to support your loan application.

Prepare your Loan Application

What format should your loan application take? While your lender can advise on their specific requirements, this guide can help you prepare your application and ensure you include the necessary elements for a winning submission.

• Credit Factors

  How do lending institutions assess your application? The answer generally depends on the type of funding you are seeking and what assets you can provide for collateral. This section provides important information about the factors that lenders ...