SBA/USDA
Here to help promote small business and rural communities
SBA (US Small Business Administration)
Loans backed by the SBA typically offer lower down-payment and competitive terms. Typically, very little or no collateral is required to successfully lock into an SBA Loan.
What you will need:
- Executive summary of the company incorporating history of company, experience of management, why you have a need for funding, amount of funding required and source of repayment and financial projections for next two years.
- Last three years business tax returns
- Balance sheets for end-of-year for last three years
- P&L For last three years
- Current year P&L and balance sheet for the end of the month correlated with the P&L
- Current Personal Financials for the owner (for each owner of 20% or more of the company)
What you will need:
- Executive summary of the company incorporating history of company, experience of management, why you have a need for funding, amount of funding required and source of repayment and financial projections for next two years.
- Last three years business tax returns
- Balance sheets for end-of-year for last three years
- P&L for last three years
- Current year P&L and balance sheet for the end of the month correlated with the P&L
- Current Personal Financials for the owner (for each owner of 20% or more of the company)
USDA (US Department of Agriculture)
USDA Business Loans are business loans guaranteed by the U.S. Department of Agriculture. Usually, these loans are made by lenders through the form of a credit union or bank, to help promote jobs and businesses in rural communities.
