What an SBA 7(a) application really needs
Most delays come from three missing documents. Here is the short list.
Marcus Ellery1 min read
SBA loans are slower than a bank line, but most of the wait is paperwork. Have these ready and you skip weeks:
- Three years of business tax returns
- Year-to-date profit and loss and balance sheet
- A debt schedule listing every loan and advance
Why the debt schedule matters
Underwriters need to see every payment you already make. Leaving one out is the most common reason an approval gets reworked.
