To apply for an SBA loan you need to:
Visit lendio.com and select the Apply for Financing button in the top right corner.
Start completing your application by providing necessary information about your business, financing needs, and contact details.
If you are eligible to apply for an SBA loan, you will see a message asking you to Apply for an SBA loan; select Apply for SBA loan.
If you do not wish to apply for an SBA loan and are happy with submitting your application for other loan products, select Maybe later and you can complete the SBA loan application at a later date in your Lendio dashboard.
You’ll be asked to provide the following documents:
2 years of personal tax returns from every owner who has at least 20% or more ownership in the business
2 years of business tax returns
YTD balance sheet
YTD profit and loss statement
Debt schedule
Review your application and hit submit.
You’ll be assigned a Funding Expert who will present you with your financing options and make sure you make the right choice based on your business needs.