How to Apply for an SBA Business Loan

The Small Business Administration’s 7(a) Loan Program may be able to help you to purchase equipment or supplies, renovate a building, or expand an existing business.

The SBA doesn’t provide the loan directly, but they work with a number of lenders, who agree to the SBA’s guidelines. Once you complete the required documents, the lender will submit it to the SBA. The application includes the following, but may also need other documentation depending on the circumstances:

  • Borrower Information Form – SBA Form 1919
  • Statement of Personal History – SBA Form 912
  • Personal Financial Statement – SBA Form 413
  • Profit and Loss Statements for the last 3 years
  • Projected Financial Statements, and how you expect to achieve them
  • Ownership and Affiliations
  • Business Certificate/License
  • Loan Application History
  • Income Tax Returns, both personal and business, for the last 3 years
  • Resumes for each principal
  • Business Overview; why the loan is needed, how it will help the business
  • Business Lease


The agency also has a CDC/504 Loan Program that provides financing for major fixed assets such as equipment or real estate.

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