How can I obtain a small business loan from the SBA?

How can I obtain a small business loan from the SBA?

The U.S. Small Business Administration (SBA) is offering loans for qualifying small businesses. These are low-interest (3.75% for small businesses and 2.75% for nonprofits) loans with terms potentially as long as 30 years. You can apply for an SBA loan through its website. Be prepared to provide the following information:

• Tax Information Authorization (IRS Form 4506T), completed and signed by each principal or owner
• Recent federal income tax returns
• Personal Financial Statement (SBA Form 413)
• Schedule of Liabilities listing all fixed debts (SBA Form 2202)

You may also need to provide profit and loss statements, recent tax returns and balance sheets.

Below is the link on obtaining a loan from the SBA:

https://covid19relief.sba.gov/#/business-info

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