What are the basic eligibility requirements for all applicants for SBA business loans?

CFR · 2024-01-01 · US · Title 13

To be eligible for an SBA business loan, a small business applicant must: (a) Be an operating business (except for loans to Eligible Passive Companies); (b) Be organized for profit; (c) Be located in the United States; (d) Be small under the size requirements of part 121 of this chapter (including affiliates). See subpart H of this part for the size standards of part 121 of this chapter which apply only to 504 loans; and (e) Be able to demonstrate a need for the desired credit.

official document · source cfr-2024 · id 13:§ 120.100