Get Declined for a Traditional

Business Loan with a Bank

This sounds odd but it's true. Small businesses cannot get SBA loans unless they have been turned down for funding by a traditional lender. You only need to be turned down once to apply for a SBA loan but it can help your case if you are rejected by at least 2 lenders.

Schedule an Appointment with Your

Nearest Small Business Development

Center (SBDC)

The SBDC is a branch of the Small Business Administration that works directly with small businesses to provide free and low cost business education, counseling and other consulting that help grow businesses. One of the services they provide is to help small businesses establish relationships with local lenders who can help you get a SBA small business loan.

Complete All Necessary Paperwork

A business plan with forecasts and projections will be necessary for applying for a SBA easy small business loans. Your SBDC counselors can help you with this process. Allow yourself enough time to create a comprehensive plan that will impress your banker and ensure them that you have the skills in place to grow a business with their money.

Review Your Credit Report by

Requesting a Copy from All

Three Credit Agencies

Equifax, TransUnion and Experian. The SBA will not lend to a business with existing financial problems. If you have any errors or bad reports in your credit history, now is the time to work on cleaning up your credit report to raise your credit score.

Meet with Your SBA Banker To

Discuss SBA Loans Your

Business Might Qualify For

The SBA offers a variety of loan programs ranging from short term loans for immediate capital-building needs to loans that help entrepreneurs with special needs, such as businesses located in rural or economically depressed areas.

Finalize Your Business Plan and Review Your Loan Application

Package with Your SBDC Counselor to Ensure Viability of Your

Application

Create a well-organized package and submit all paperwork the bank requires in order to get a SBA small business loan.

Visit Easy Approval For Loans

www.easyapprovalforloans.co

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