Are there any SBA-guaranteed lenders who will support new businesses that supplant lost income?
1 reply
Apr 7, 2020
The SBA Paycheck Protection Program is only available to small businesses who had employees on the payroll before February 15, 2020. If your business does not meet that requirement, you can still apply for an SBA loan outside of the COVID-19 stimulus programs through an approved lender.
There are four eligibility requirements for SBA loans.
1) Be a for-profit business
2) Do business in the U.S.
3) Business owner has invested their own time or money into the business
4) Business cannot get funds from any other financial lender
You can apply for both SBA and non-SBA financing through Levelset by completing the application linked below.
Levelset Construction Financing