Plus, the SBA loan application process is detailed and requires extensive documentation. If you need capital quickly, you’ll want to consider a faster small-business loan alternative.

How to apply for a small business loan. If you want to apply for a small business loan, follow these steps to ensure a straightforward process. Step 1: Research your small busines ...

Meet the SBA’s definition of a small ... loan application process will vary based on the lender you choose. In general, however, you’ll need to provide some, if not all, of the following: SBA ...

Small businesses ... In case a business defaults on an SBA-backed loan, the agency will cover as much as 85% of the loss; this is known as a guarantee. The SBA reviews a loan application submitted ...

The guidelines for SBA guaranteed loans are similar to those for standard bank loans. In addition, your company must qualify as a small ... business can best compete in, state this in your ...

"That doesn't mean you can't get a loan, but it means your application will be manually reviewed and possibly more challenging to approve." She adds that many small-business owners either have not ...