SBA Loans – What is the Purpose of Loan Request Sources and Uses?

SBA Loans - What is the Purpose of Loan Request Sources and Uses?
Loans



You will need a loan request for a SBA Business Loans. If you are thinking of starting up or purchasing or refinancing, don’t forget to include in your Loan Request. The loan request states the injection amount you will be contributing toward the purchase of the business. Lenders want to know you are putting skin in the game. 10% is the minimum required from you. If you are purchasing a non-special purpose property (hotel, storage, restaruant, rv park etc.) you will be required to inject (aka down payment). But if you are starting up a business without real estate you will need more injection depending on the loan amount and the type of business. The loan request should include sources and uses of the total project which should include your soft cost, equipment cost, moving cost etc. for your sba loan. I lend nationwide. Give me a call to discuss your project at 512-354-5949 or check out my website www.applycommercialloans.com/ or https://www.linkedin.com/in/karenschimpf/

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