Option 1-Interview an SBA representative
Contact and interview a local Small Business Administration (SBA) representative.
- Describe the overall process of obtaining a small business loan.
- What levels of funding are available through the SBA?
- What criteria does the SBA establish to qualify applicants for loans?
- What reporting is required of the borrower?
- Are there special programs for minority owners, and how does one qualify for such programs?
- How long does the approval process take?
- What is the success rate of SBA loans?
- What are the characteristics of successful loan applicants?