What are the requirements for a 7a SBA loan?

In order to qualify for a 7a SBA loan, you must have good credit and a solid business plan. The 7a program is the most widely used of the SBA programs. To begin your qualification process, attempt to secure a private loan. If the lender informs you that your business almost qualifies but needs a little additional help in order to secure the financing, you are a perfect candidate for the 7a program. Have the lender assist you with filling out the forms, submitting your financial records and supplying your business plan. For additional assistance, work directly with an SBA-qualified lender or visit your SBA resource center.