To determine if you can qualify for SBA's financial assistance, you should first understand some basic credit factors that apply to all loan requests.
Every application needs positive credit merits to be approved.
These are the same credit factors a lender will review and analyze before deciding whether to internally approve your loan application, seek a guaranty from SBA to support their loan to you, or decline your application all together. This ensures that, when combined with borrowed funds, the business can operate on a sound basis. The value of invested assets should be substantiated by invoices or appraisals for start-up businesses, or current financial statements for existing businesses. Strong equity with a manageable debt level provide financial resiliency to help a firm weather periods of operational adversity. Sufficient equity is particularly important for new business.