SBA Loan Eligibility

To apply immediately for an SBA loan, please click here to return to our home page and begin the SBA loan application process by entering your contact information. Remember, over 100 different SBA lenders await your mini-app.

Not all businesses are eligible for SBA Loans.

Size Standards: : Small businesses must be independently owned and operated, not dominant in its field, and must meet employment and sales standards developed by the SBA. For example, wholesale businesses must not have more than 100 employees. Retail or service businesses must have average three-year annual sales of not more than $5 to $21 million. Manufacturing businesses should not have more than 500 employees, but in some circumstances, businesses up to 1,500 employees will be considered. Construction companies should have average three-year annual sales of not more than $7 to $17.5 million. Agricultural businesses must have less that $500,00 in annual sales.

Type of Business: Loan proceeds guaranteed by the SBA cannot be used for the following types of business activities:

Financing real property to be sold at a later date
Non-profit work
Gambling, speculation, lending or investment
Monopolies and businesses involved in pyramid schemes
Illegal business activities

Purpose of Loan: Financing may be obtained to establish a new business or to assist in operating, acquiring, or expanding an existing business. Below is a list of accepted uses for SBA loan proceeds:

To purchase land or buildings
To cover new construction or the conversion of an existing facility
For long term working capital such as the payment of accounts payable and/or the purchase of inventory
To refinance existing business debt that is not already structured with reasonable terms and conditions

For short-term working capital needs including seasonal financing, contract performance, construction financing, export production, and financing against existing inventory and receivables