SBA financing

Business financing and the proposed use of funds

• Explore SBA-backed structures for a defined business investment.
• Compare the purposes served by 7(a) and 504 in the context of your project.
• Coordinate business financials, ownership and use of proceeds in one package.

What IIMBC will review

Start with the use of funds and your business’s occupancy plans. Compare the purposes served by 7(a) and 504 to focus the review on the appropriate program.

Preparing for SBA financing

• Business financials and tax returns
• Ownership information and proposed use of proceeds
• Property and project documents

Outline what your business wants to purchase or improve, how funds will be used and who owns the business. IIMBC can help focus the program-specific review.

Questions about SBA financing

• Does the proposed use of funds align better with 7(a), 504 or another reviewed structure?
• How will my business’s property occupancy enter the program review?
• Which ownership, business financials and project-cost records should be prepared first?