SBA Financing

The US Small Business Administration was created in 1953 to maintain and strengthen the nation’s economy. SBA loans are funded through banks and other financial institutions who choose to participate in the programs.

The Standard Operating Procedures (SOP) for the SBA loan programs define the eligibility and requirements to obtain an SBA loan. This document can be downloaded from their website to read the lengthy and tedious requirements and guidelines associated with the loan programs. The process of documenting all steps in the process are intricate … Application, Approval, Closing, Funding, Post Closing and Portfolio Management. It is important to partner with a lender that understands the lending guidelines and securing an SBA guarantee/debenture.

Denise is committed to providing personalized guidance throughout the application, approval and closing process while educating, reviewing and offering insights through the required documentation process. It is more than knowing the rules and regulations; Denise’s knowledge and experience explains the why.

Eligible Use of Proceeds

SBA has programs that offer a wide range for the use of proceeds.

Business Acquisition

Business Expansion

Business Start-Up

Owner Occupied CRE with Improvements

Construction – Ground Up and Leasehold Improvement

Heavy Equipment Purchases

Business Debt refi

Partner Buy-Out or Buy-In

NOTE: Investment companies/properties are not eligible including AirBnB, greater than 50% rental space or residential properties. The occupying business of a property will be a co-borrower.

Eligible Industries

01

Hospitality – hotel/motel/bed and breakfast

Franchise and non-franchise concepts that provide transient occupancy (Airbnb and residential homes not eligible)

02

Assisted Living and Home Healthcare

Healthcare industries providing care to those in need including full time care (independent living not eligible)

03

Daycare/Child Care/ Pet Care

Caring for children and pets including specializes services (ie: tutoring, training, counseling, etc)

04

Entrainment and Food/Beverage Service

Restaurant, bar, brewery, event spaces, etc.

05

Service & Manufacturing

Creation and distribution of products and services

06

Franchise Start-Up, Expansion and Acquisition

Must be an approved concept of SBA eligability

07

Special Use Properties

Self Storage, Marinas and more

Eligibility Snapshot for Borrower & Guarantors

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For-Profit entities located within the United States of American and territories.

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Investments not eligible (must be owner user 51% or greater)

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Guarantors must be US Citizen or Permanent Resident with INS approval.

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Guarantors must be US Citizen or Permanent Resident with INS approval.

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Transferrable work experience

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Acceptable credit with no open lawsuit, judgement, lien, bankruptcy or collections

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Cannot borrower equity injection unless access to outside income to repay new debt

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