Small Business Administration (SBA)
The SBA is a government agency that issues guarantees on transactions. With the SBA guarantee, banks will fund the loan. These types of loans are considered “A” paper because the government will guarantee the loan against a default. SBA loans can be utilized to purchase or refinance real estate, equipment, business acquisition, factoring, partner buyouts, and the list goes on.
Hence, getting an SBA guaranteed loan requires a special and unique knowledge of the government system, and we have the staff to help you navigate the SBA procedural frontier.
Basic Required Documents:
SBA loans typically take several months to fund.
The criteria for qualifying for funding with a previous bankruptcy is that it must have occurred more than 7 years ago, and the credit bureaus are no longer reporting the bankruptcy.
If you are a permanent resident or have a permit and meet all of the underwriting conditions, you may qualify for an SBA Loan.