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One of our bankers can help you determine whether you are eligible for SBA loans, otherwise you can look at the requirements for 7(a) loans here and CDC/504 loans here.
Besides the requirements at the above links, banks and lenders will also look at your business’ cash flow, collateral, equity investment and credit.
We have created a reference for common questions regarding Small Business Association (SBA) Loans. Small Business Association (SBA) loans are actually loans from your chosen SBA approved bank or lender, like Sentry Bank.
If you still would like to learn more about our loan options, feel free to contact us today and get your application started. These banks and lenders are able to provide loans to small businesses which would normally be too risky to loan to, because the SBA helps guarantee the loan.
Both the 7(a) and CDC/504 loans have their own eligibility criteria and application process, as can be seen above.
You can be prepared for the application process before you meet with your lender by gathering your personal and business financial statements, tax returns, collateral documents, articles of incorporation (if an existing business), resume and business plan (if starting a business) and more.
To learn more about SBA Financing, please contact: Louisville / Southern Indiana (502) 625-2485 Indianapolis (317) 238-2899 Cincinnati (513) 824-6199 Email us at: [email protected] Call Center can be reached at: (502) 582-2571 or (800) 625-9066 Stock Yards Bank & Trust is certified by the Small Business Administration (SBA) as a Preferred Lender.
Let our professionals help you determine the financing package that is best for you.
Because we are part of the PLP, the final credit decision, as well as servicing and liquidating authority rest with us rather than the SBA.
The SBA has trusted us because of our high level of experience in dealing with SBA loans.
As a locally owned and operated bank, we value our role within the communities we serve. Cloud, MN area filled with friendly and helpful staff ready to assist you with any of your banking needs.
: Frequently after an SBA loan has been fully disbursed, and the debenture has funded, circumstances change and give rise to the need for borrower servicing requests.
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Just like any attentive business, the SBA wants to know that due diligence has been done before the paperwork gets to their inbox, and they need to be assured that the parties that they get involved with are sound and ready to work together to the benefit of everybody involved.