First 6 payments made by SBA if closed by 9/27/20

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Advantages of SBA loans:

First six loan payments made by SBA for loans closed prior to 9/27/20
Historically low interest rates
No loan covenants
Longer repayment periods – 10 or 25 years

Please note we are unable to assist with PPP or EIDL loans.

Name *

First

Last

Name of your business *

Location of business (City and State) *

Email *

Mobile number *

Requested loan amount (Min $50,000 / Max $5,000,000) *

Note: Min is $250,000 for business acquisitions.

Use of Funds *

Buy Inventory
Buy Real Estate
Buy Equipment
Refinance Debt
Working Capital
Acquiring a business (requires 10% or more down from Buyer)

Unfortunately, we are unable to assist you at this time. For acquisition loans, the minimum loan with our lending partners is $250,000.

Approximate $$$ of inventory being purchased with loan proceeds? *

Approximate $$$ value of real estate being purchased with loan proceeds? *

Approximate $$$ of equipment being purchased with loan proceeds? *

Approximate $$$ of debt being refinanced with loan proceeds? *

Is the existing debt you are trying to refinance SBA debt? *

No, the current loan we are trying to refinance isn't an existing SBA loan
Yes, we want to obtain a new SBA loan to replace our existing SBA loan

SBA loans are not permitted to be refinanced by a new SBA loan with our lending partners. However, a borrower can leave an existing SBA loan in place an obtain a new SBA loan. For example, for a $500K new loan request and use of proceeds of $100K to refinance existing SBA debt and $400K for equipment, our lenders would leave the $100K existing SBA loan in place and issue a new SBA loan for $400K. If you are just looking to refinance SBA debt with SBA debt, we are unable to assist.

If refinancing to save on interest, note here are the recent Q1 average rates charged by SBA banks: Loans under $150K- 8.1%; $150K- $350K - 6.8%; over $350K- 6.3%

Acquisition purchase price for the business? *

Note: Maximum SBA banks will lend is 75% - 90% of purchase price.

Estimate of your personal liquidity % (i.e., cash, stocks, bonds, retirement savings divided by loan amount ) before this loan. *

10% or less (liquid assets / loan amount)
10% to 20%
20% to 30%
Over 30%

We are unable to assist you at this time for your acquisition of a business as our lending partners will want to see ~ 20% personal liquidity (10% down for the business plus another 10% in personal reserves). If you have other investors/partners who could contribute to the down payment, that may help but based solely on your stated liquidity position coupled with the fact that you are acquiring a business we are not able to assist you currently.

Have you reviewed tax returns for past 3 years for the business you are buying? *

Yes, we have reviewed these tax returns and understand the profitability of the business
No, we do not have these tax returns but have requested them
No, still in early stages

On average for the past 2 years plus the estimate for this year was the net income per year (revenues - all expenses) for the acquisition business at least 15% or more of the requested loan amount? *

Yes, net income per year was >15% of the requested loan amount
No, net income per year was <15% of the requested loan amount

Profitability for past two years plus this year *

How much direct experience do you have in the industry of the business you are acquiring? *

No experience in the industry of the business I'm acquiring
< 1 year
1 - 2 years
2 - 4 years
5+ years

Do you have a signed agreement with the Seller (e.g., an LOI or APA) that specifies the deal terms? *

Yes, we have a signed Asset or Stock Purchase Agreement
Yes, we have a signed Letter of Intent
No, but we have verbally agreed on economic deal terms
No, still in early stages
I don't understand this question

Is the business generating profits >1.5% of the requested loan amount (e.g, $100,00 loan equates to $1,500 or more in monthly profits) *

Yes, monthly profits are greater than 1.5% of the requested loan
No, our average profits are less than 1.5% of the requested loan
Don't know what our cash flow numbers are

Unfortunately, we are unable to assist. Our SBA lending partners require profits (sales - all expenses) on a historical (last two years), current year, and projected basis on average to be greater than 1.5% of the requested loan amount as evidenced by financial statements (balance sheets and income statements) and federal tax returns. See the article entitled Eligibility Criteria and Required Docs on our home page for more info. If your business hits this profitability threshold, please reach back out to us then. Only exception are heavy real estate loans, where the % is slightly less.

How long has the business existed? (If an acquisition, how long has the target been in business) *

< 1 year
1 - 2 years
2 - 3 years
3 - 5 years
5+ years

At this time we are unable to refer businesses with less than one year of profitable operating experience to any lenders in our network (unless an acquisition with 3+ years of operating history).

Your credit score (minimum 650 needed) *

Note: Minimum 680 needed for loans < $150,000

Any personal or business bankruptcies within the last 5 years for any owner of 20%+of the business? *

Any active lawsuits (including divorce), open judgements or outstanding tax or other liens for the business or 20%+ owners? *

Please check all that apply *

Business generates revenues
Business is profitable
Have financial projections
Have written business plan
Am a Veteran and/or minority owned

Business description *

Business website

How many banks do you want to contact you *

1 bank for now (can always ask for more later)
2 banks
3 banks
4 banks

User review of T&C and Privacy Policy *

I have reviewed, understand, and agree to the SBALenders.com Terms & Conditions and Privacy Policy. I agree that SBALenders.com may refer my information contained herein to potential lending partners, and those potential lenders may contact me using the contact information I have provided including email, phone and/or text numbers regarding my request for a loan. I understand that SBALenders.com's is not associated with the Small Business Administration or the U.S. government, and its services are free to me but SBALenders.com may receive a referral fee from its lending partner(s).

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First 6 payments made by SBA if closed by 9/27/20

Benefits of our Find a Lender Tool:

How it works:

Advantages of SBA loans:

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First 6 payments made by SBA if closed by 9/27/20

Benefits of our Find a Lender Tool:

How it works:

Advantages of SBA loans:

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