Thank you!

Thanks for contacting us! We will review the data you have submitted and will refer you to one or more SBA banks within 4 business hours.

Here are the top reasons we see traditional SBA loan applications being denied:

  1. Personal credit score under 650 from any >20% owner
  2. Not generating sufficient monthly cash flow to cover debt service (i.e., monthly cash flow must be greater than projected monthly debt payments)
  3. Less than 2 years in business (exception being acquisition of a business)
  4. Significant declining revenue trends (year over year or large drops due to coronavirus)
  5. Business or personal bankruptcies from any >20% owner during the last five years
  6. Unfiled tax returns
  7. Criminal records (other than minor traffic violations)
  8. Active lawsuits
  9. Unpaid liens or tax obligations (unless completely paid off with loan proceeds)
  10. Ineligible business per SBA rules – nonprofit business or a passive income business (e.g., rental apartments)

Note we are not associated with the Small Business Administration or the U.S. government. We are a private U.S. business that helps entrepreneurs find capital for their businesses. Currently, we are unable to assist borrowers looking for Payroll Protection Program (PPP) loans or Economic Disaster Injury loans (EIDL). We recommend as a resource for borrowers looking for PPP or EIDL information.