Thread: Please Advise On Getting An SBA Loan (for Women)

Hi everyone! A partner and I, who are from NC, are starting a business and need about $900,000 in an SBA loan (because it involves buying a property) and I'm hoping that since we are both women, it might be easier since the SBA has special loans for women in small business. I've been to the SBA website but I'm wondering if anyone here has any experience in getting an SBA loan (particularly the ones for women). We are working on...

I am not sure being women will really help you in any way secure a SBA loan. You would be better off focusing on the details of the deal. SBA loans can help entrepreneurs secure start-up funding - but know that you have to get past your bank first. SBA only guarantees the loan - the bank still has to underwrite it. banks look for two major things - 1) willingness to repay - shown by your credit score and 2) your ability to repay - do you have...

One of my clients can help you, she is a SBA consultant and loan packager, she helps people nationwide. Her name is Valerie Goss and her number is 888-722-4457.

I know SBA has done alot of good for people and businesses, but everybody knows sometimes their qualifications can be out of reach, or sometimes deny a client for the silliest reasons and/or give you the run-around. Kudos to you if you are eligible and able to receive the funding you need from their source, but if not for some reason, seeking alternative financial instutions and lenders can be quite beneficial for what your looking for such as...

There currently is a Recovery Act program available for SBA 7A loans that waive the majority of the fees and guarantees 90% of the loan (up from the usual 75%). This is all part of the infusion of funds into the SBA loan programs that took place earlier this year. But, you need to act fast. This all runs out at the end of 2009. It has always been difficult to meet all of the criteria for an SBA backed loan. The general criteria has already...