Give Us a Call 24/7 to Speak to a Loan Specialist: (866) 526-0238
Give Us a Call 24/7 to Speak to a Loan Specialist: (866) 526-0238

SBA Loan Requirements

SBA loans are small business loans provided by private business lenders in which a certain percentage of the business loan is guaranteed by the government. If the small business owner should default on the business loan, the SBA would cover up to 80% of the business lender’s losses.

Since the small business lenders have a reduced amount of risk (being the SBA will cover a percentage of the lenders losses) the banks are much more inclined to approve a business loan that would have been borderline without the SBA loan enhancement.

What are the SBA's Loan Requirements?

  • Small business must be for-profit
  • Business less than 500 employees and $7.5 million in average annual revenue
  • Conduct their business within the U.S.
  • Business owner must have equity to get an SBA loan
  • Business owner must show a need for the commercial loan
  • Small business owner can’t be delinquent on any existing debt to the U.S. government

What Businesses are Ineligible For SBA Loans?

  • Financial business engaged in lending
  • Life Insurance companies
  • Small Businesses located in foreign countries
  • Private Clubs
  • Government owned entities
  • Small businesses primarily engaged in teaching
  • SBA Loan packagers earning more than 1/3 of their gross annual revenue from packaging SBA loans
  • Small businesses where SBA lender owns an equity interest
  • Businesses engaged in lobbying

Who We Are

GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available to small and mid-sized businesses. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options.

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