What do lenders evaluate when you apply for an SBA loan?

Eligibility and application evaluation are based on multiple factors. These can include any or all of the following for your business:

• Operates as a for-profit business.
• Has a physical location and business operations in the U.S.
• The business owner must have invested their personal time and money into the business.
• The business cannot secure any more funding from other sources.

Other factors, such as credit score, minimum business operation time, and maximum amount, are all dependent on your business and the lender. The right strategy can help you connect with the best lender and find what you need for your business’s future success.