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Q. If i will be trying to get an SBA loan, which kind of information shall the lender require?
A. Whenever trying to get an SBA loan, small enterprises have to fill in types and documents when it comes to certain loan they’ve been hoping to get. In addition, the SBA encourages borrowers to assemble some basic information that all loan providers will require, whatever the loan type. The after things are needed:
- Individual history and statements that are financial
- Company financial statements
- Loss and profit declaration
- Projected statements that are financial
- Ownership and affiliations
- Business certificate or license
- Application for the loan history
- Income taxation statements
- Business overview and history
- Company rent