Yes, you can still qualify for an SBA loan even if you have an existing line of credit with another bank or lender. Having existing credit doesn’t automatically disqualify you. However, it's important to note that your business must still meet cash flow requirements. If your business has too much debt and can’t afford to take on more, this could impact your ability to qualify for the SBA loan. It’s not a guaranteed disqualification, but it’s something that will be carefully considered during the application process.
Updated over 2 months ago