How Small Business Lending Works

How Small Business Lending Works

SBA Loans make it easier for small businesses to qualify for financing when they may have struggled receiving conventional loans. Prime Commercial Lending underwrite and fund SBA loans with a portion of the loan guaranteed by the federal government if the borrower defaults.

What will you need to obtain and SBA loan:

  • Loan request form
  • Management profile
  • Interim financial statement:
    • Balance sheet
    • Income statement
    • Business financial statements for the last 3 years
    • Profit & loss projections (for next 3 years),
    • Last 3 years of business & personal tax returns.

See more on Prime Commercial Lending’s SBA Loan Program, here.

 

 

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