Who Is Eligible For An SBA Loan? To qualify for an SBA loan, there are basic requirements you generally must meet: Own a qualifying small business.Check out the SBA’s free Size Standards Tool atSBA.gov/size-standardsto see if your business qualifies based on the size of your business. ...
Should already be set up as either a Long-Term Loan (over 12 months to pay back P & I), or it was set up as a Current Liability (12 month or less to pay back P & I). Your "loan" that SBA.gov is making payments to...
or if SBA determines that the loan is not eligible for forgiveness (in whole or in part) – the borrower will be notified by us on how much is owed, standard payment amount, and when the first payment will be.