SBA Loan Short Form This SBA Loan qualification and application form below will gather key, required information about you and your business. This will allow us to promptly provide you with a pre-qualification level (usually within one day) and, where applicable, initiate the SBA Loan process without delay. It generally takes less than 10 minutes to complete. There are no fees and no obligations to apply. Of course, any questions, at any time, simply contact us. We look forward to working with you! * All fields are required Unique IDPersonal InformationName* First Last Email* Phone*Job title How did you hear about us?*AffiliateEmailInternet SearchFriendOtherAffiliate ID* Business InformationLegal business name* DBA (if different) Business phone*Business address* Business city* Business state*-- Select --AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingAlbertaBritish ColumbiaManitobaNew BrunswickNewfoundland and LabradorNova ScotiaOntarioQuebecPrince Edward IslandSaskatchewanBusiness zip code* Legal entity type*-- Select --CorporationGeneral PartnershipLimited Liability CorporationLimited Liability PartnershipNon-ProfitSole ProprietorshipState of incorporation*-- Select --AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingAlbertaNew BrunswickBritish ColumbiaManitobaNova ScotiaNewfoundland and LabradorOntarioPrince Edward IslandQuebecSaskatchewanBusiness start date* MM slash DD slash YYYY Business tax ID* Funding amount requested*Please enter a number from 250000 to 5000000.Use of funds* Financing type*-- Select --Business AcquisitionExisting BusinessStartupGross yearly revenues*Debt Service Coverage ratio*-- Select --> 1.25 for two most recent years> 1.25 for most recent year, > 1.0 for prior year> 1.1 for two most recent years> 1.1 for most recent year, < 1.1 for prior year> 1.0 for most recent year, < 1.0 for prior year< 1.0 for two most recent yearsStartup with no DSC historyDSC = Net Income / Total Debt (Principal and Interest) Seller's Debt Service Coverage ratio*-- Select --> 1.75 for two most recent years1.51-1.75 for two most recent years1.36-1.50 for two most recent years1.16-1.35 for two most recent years1.0-1.15 for two most recent years< 1.0 for two most recent yearsDSC = Net Income / Total Debt (Principal and Interest) Collateral coverage ratio*-- Select --> 115%> 100%> 90%> 80%> 75%> 65%< 65%Collateral Coverage Ratio = Value of Collateral / Amount of FinancingCollateral coverage ratio*-- Select --> 125%> 100%80-99%50-79%30-49%10-29%No collateralCollateral Coverage Ratio = Value of Collateral / Amount of FinancingBorrower's related experience*-- Select --Owned for 3 years or managed for 5 years a similar industryOwned for 2 years or managed for 4 years in similar industryOwned for 1 year or managed for 2 years in similar industryManaged existing business for 1 year or managed 2 years in similar industryManaged existing business < 1 year or managed or > years in similar industryNo direct experience but has educational or relevant experienceNo relevant work experienceGuarantors related experience*-- Select --Operated business or one in similar industry for > 5 yearsOperated business or one in similar industry 3-5 yearsOperated business or one in similar industry 1-3 yearsHas extensive successful transferrable experience operating a small businessOperated business or one in similar industry for < 1 year< 1 year of related or transferrable experienceNo past transferrable work experienceBorrower's median credit score* Post-closing liquidity*-- Select --> 25% of loan amount20-24% of loan amount15-19% of loan amount10-14% of loan amount5-9% of loan amount0-4% of loan amount$0 or negativeEstimated leftover in liquid cash (after deducting the down payment and closing costs from their liquid funds) as a percentage of loan amountPost-closing liquidity*-- Select --> 25% of loan amount13-25% of loan amount8-12% of loan amount7% of loan amount3-7% of loan amount< 3% of loan amount$0 or negativeEstimated leftover in liquid cash (after deducting the down payment and closing costs from their liquid funds) as a percentage of loan amountGuarantors' net worth loan ratio*-- Select --> 200%151-200%101-150%100%25-99%0-25%Negative net worthGuarantors' Net Worth Loan Ratio = Guarantors' Net Worth / Amount of FinancingBorrower's capital injection*-- Select --> 31% new capital injection21-30% new capital injection11-20% new capital injection10% new capital injection> 10% in existing working capital> 10% in borrowed or gifted capital> 10% in borrowed or gifted capital to be returned after fundingPercentage of New or Existing capital the borrower is injecting as part of this financingDo you currently have other short-term financings?*-- Select --YesNoLender name* Consent* By submitting this application, you (i) authorize BorrowPartner LLC and/or its lending partners to use any credit bureau or business to verify the information that you provided, (ii) consent to receiving calls from BorrowPartner at the telephone number that you provided above, even if it is on a state, federal, or corporate Do-Not-Call registry, (iii) agree with BorrowPartner's Terms and Conditions; and (iv) acknowledge that you have read BorrowPartner’s Privacy Policy.
