The Small Business Administration is available to assist with loans that Banks would otherwise not be able to provide. These kinds of circumstances could be start-up companies, limited down payment or limited collateral.

There are two general categories of SBA loans, the 7(a) and 504.

7(a) Loans

7(a)	Working Capital	Up to 7 years
	Fixed Asset Financing	Up to 10 year term
	Real Estate Financing	Up to 25 year term

504 Loans

Term loans for large capital expenditures, either equipment or real estate 10% owner equity in the project, finance 90%.

504	Fixed Asset financing for Machinery or Real Estate
	Long Term Fixed rate loans available with 10% down payment

Starting An SBA Application

If you would like to start the loan application process, please download and fill-out the two forms below.

• Personal Financial Statement
• Loan Application

As part of the application process, we will need a number of things. These include:

• Three-year corporate tax returns
• Three-year corporate financial statements
• Interim financial statement
• Interim balance sheet
• Interim agings of accounts receivable and accounts payable
• Profit and loss projection for two years with a narrative statement supporting projected results
• Schedule of all business term debt (notes contracts and leases payable)
• Copy of lease and copy of lease to be acquired

• Schedule detailing use of funds
  • If equipment/inventory is to be purchased please provide a quote estimate or invoice from the provider
  • Schedule of fixed assets to be acquired with loan proceeds (ie. bakery equipment)

• Detail of business ownership (name and address of each shareholder, including address and percentage ownership)
• Articles of incorporation
• By-laws
• Borrowing resolution
• Fictitious business name statement (dba)
• Partnership agreements, if applicable
• Employee id numbers from the IRS

• Three-year personal tax returns for each of the principals owning more than 20% of the business
• Resume for each of the principals of the company owning more than 20% of the business
  • Include previous five years work experience
  • Name of college attended if applicable (include City where the college is located, the years attended and if graduated)
  • Name of high school if applicable (include City where the college is located, the years attended and if graduated)