Adam Allington is an reporter covering economics and policy in the Washington D.C. bureau. These would have included core business and trade components of the Commerce Department, the Small Business Administration, the Office of the U.S. Trade Representative, the Export-Import Bank, the Overseas Private Investment Corporation and the U.S. Trade and Development Agency.
Apart from the necessary documents, you would also need to present at the bank all the SBA requirements such as the SBA loan application, a personal financial statement, a good business plan, 3 years of business financial statements, 3 years of federal business tax returns, information about all owners and detailed information on how the business would benefit from the loan.
Since, unlike in real estate transactions, commercial lenders can fund referral fee earned by business brokers helping people buy and sell businesses, this segment of industry is supported by smaller banks and standalone finance companies who understand this sector.
All in all, the small business model in America in conjunction with SBA loans over the last century have ended up playing a significant role on the way to engendering many great things: employment, growth opportunities, new neighborhoods, schools, and a laundry list of many other positives.
If you can, the best way to get working capital funding is to go to your local bank or credit union and apply for it. An alternative to going door to door would be to fill out a small business loan application with a websites that will shop your request to different financial institutions.