The Ultimate Guide to SBA Loans for Startups: How to Qualify, Apply, and Get Funded
Securing funding as a new business can feel impossible—but the Small Business Administration (SBA) offers loan programs designed to make it easier. Here’s what every founder should know about how to qualify and actually get approved.
What Is an SBA Loan?
An SBA loan isn’t funded directly by the government. Instead, the SBA guarantees a portion of the loan, reducing the risk for lenders—and making it easier for startups to get approved.
Top SBA Loans for Startups:
SBA 7(a) Loan – Great for working capital, buying equipment, or refinancing debt. Up to $5 million available.
SBA Microloan – Ideal for very small businesses. Up to $50,000, with easier requirements.
SBA Community Advantage – Targets underserved founders and markets. Designed to support new businesses.
How to Qualify:
U.S.-based and legally registered business
Reasonable credit score (ideally 650+)
Detailed business plan with financial projections
Proof of owner equity investment (skin in the game)
Application Checklist:
Executive summary & business plan
Personal & business tax returns
Financial statements (P&L, balance sheet)
Collateral details
Legal documentation (entity setup, EIN, etc.)
Pro Tip:
SBA lenders love well-prepared applications. Our SBA-ready business plans are built to meet all documentation standards—giving you the edge you need to get funded faster.
