Que.Option 1 – Interview an SBA representative
Que.
Option 1 – Interview an SBA representative
Contact and
interview a local Small Business Administration (SBA) representative.
-Describe the overall process of obtaining a small business loan.
-What levels of funding are available through the SBA?
-What criteria does the SBA establish to qualify applicants for loans?
-What reporting is required of the borrower?
-Are there special programs for minority owners, and how does one qualify for such programs?
-How long does the approval process take?
-What is the success rate of SBA loans?
-What are the characteristics of successful loan applicants?