Small Business Development Center

Helping Entrepreneurs Grow

Culverhouse College of Commerce
The University of Alabama

Box 870397, Tuscaloosa, Alabama 35487-0397,
Phone: (205) 348-7011, email:
phaninen@cba.ua.edu

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SBA Loan guarantee (7a) fundamentals

U.S. Small Business Administration

For start up businesses, you will need to present to your banker the following:

1.   Amount of loan request and purpose for which it is to be used.
2.   Amount you and others have to invest in the business.
3.   Personal financial statements of the owners.
4.   Detailed projection of earnings and expenses for at least the first year of operations.
5.   Collateral offered.