Documents Needed for an SBA Loan

Below is a video telling you exactly what documents you need in order to get an SBA loan for financing its purchase

SBA 7a and SBA 504 Overview

Best SBA Loan to Get for Your Situation

Purchase Your First Business with an SBA Loan

Does Your SBA Lender Require Life Insurance?

On many SBA 7(a) and 504 loans that are not fully secured, the lender or CDC will require life insurance on the owner the business depends on, with the policy collaterally assigned to the lender before closing. It is one of the most common last-minute closing conditions I see. If your lender has asked for it, start early: SBAInsuranceQuote.com walks through SBA loan life insurance requirements and how a collateral assignment of life insurance works so the policy does not hold up your funding.

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