US SMALL BUSINESS ADMINISTRATION LOAN REQUEST FORM 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling out the 'APPLICANT COMPANY' section. Enter your company name, phone number, address, city, state, and zip code. Specify the type of business and date established.
  3. Indicate the type of entity (Corporation, Partnership, Sole Proprietorship) and provide details on the number of employees before and after the loan.
  4. Complete the 'OWNERSHIP OF APPLICANT COMPANY' section by listing all relevant individuals along with their titles, percentage of ownership, and compensation.
  5. In the 'AFFILIATES' section, list any business concerns related to ownership interests.
  6. Fill out 'ESTIMATED PROJECT COSTS' by detailing costs for land acquisition, construction, equipment purchase, and other expenses. Calculate total estimated project amount and loan request.
  7. Provide a comprehensive history of your business in the designated section. Include nature of business, products/services offered, customer profile, key customers, competitors, accomplishments, future plans for growth/expansion, and how this loan will benefit your company.

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SBA-qualified lenders usually set their own criteria when assessing your eligibility. Most lenders will require a minimum FICO score of 620 or higher for their SBA Loans.
Many statistics say that large banks approve SBA loans at rates as low as 20-30%, while smaller banks approve SBA loans at around 40% or less. All this to say: SBA loan approval rates hover at half or below all loan applications that are submitted.
Poor credit is one of the factors that the SBA will look closely at when determining your businesss eligibility. Poor credit can signal a variety of red flags, including non-payment of necessary expenses. It can also mean that your business is overextended financially and cannot handle more debt.
In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates. Normally, businesses must meet SBA size standards, be able to repay, and have a sound business purpose. Even those with bad credit may qualify for startup funding.
Form 1919 is required if youre applying for an SBA 7(a) loan. It collects all of the information the SBA needs to perform a complete background check for a potential borrower, including: Your background. Co-owners/co-applicants and other major players involved in running your business.

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Theyll typically require strong business financials, a solid credit history, and collateral. If youre a newer business with a limited financial history or if your personal credit score isnt in great shape, getting approved for a traditional loan can be difficult.

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