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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.
The 7(a) Loan Program, SBAs primary business loan program, provides loan guaranties to lenders that allow them to provide financial help for small businesses with special requirements. 7(a) loans can be used for: Acquiring, refinancing, or improving real estate and buildings.
SBA Form 601 is a certificate of agreement to ensure contractors comply with EO 11246 when working on federally assisted construction projects. A borrower or contractor seeking SBA financing of more than $10,000 must complete and submit Form 601.
0:17 1:17 Our bower the closer the underwriter the BDO and the attorneys. We discuss the needed items toMoreOur bower the closer the underwriter the BDO and the attorneys. We discuss the needed items to close out the loan. And then follow up with a weekly checklist. That shows all outstanding items.
(b) SBA Form 652, a certification by the concern you are financing that it will not illegally discriminate (see part 112 of this chapter). (c) SBA Form 1941 (for Section 301(d) Licensees only), executed both by you and by the concern you are financing.
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SBA was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns; preserve free competitive enterprise; and maintain and strengthen the overall economy of our nation.
Application for Section 504 Loans. This Form 1244 incorporates 504 Debt Refinancing updates made in the Economic Aid Act and is used to review the Applicants eligibility for a 504 loan.

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