The IRA Network - SBA Advantage
SBA Loan Application Requirement Information, Resource, & Services

While many commercial banks shun loans for start up small business operations it is the SBA's mission to assist such small business ventures and to help grow the number of successful small businesses in the United States. When it comes to a small business start up, there are several requirements for qualification: If you can meet the following general SBA Loan application requirement guidelines you may be eligible for a bank SBA loan.

• The SBA Loan borrower must have experience in the line of business;
• The SBA Loan borrower's cash injection must be at least 33% of the total project cost; and
• The SBA Loan borrower must provide some collateral for the loan portion of the total project cost.

SBA Loan Information Services

IRA is a loan correspondent that specializes in the preparation and placement of U.S. Small Business Administration (SBA) loans. We have a network of SBA lenders that are Preferred Lenders under the SBA 7a program which means rapid turn around that could make the difference between failure and success.

We have the ability to properly prepare, package and submit your SBA loan application to several financial institutions simultaneously throughout the US which greatly enhances your chances of getting your loan approved and funded.

If cash flow is a major concern then an SBA guaranteed loan may be the answer and could be the best way of obtaining long term financing. SBA guaranteed loan terms typically range from 7 to 25 years, fully amortized, depending on the purpose of the loan.

The IRA Network with the cooperation of the SBA assists the nation's small businesses through a number of programs and efforts. The IRA can provide the way to aid new or growing businesses.

SBA Loan Overview

Guaranteed loans are made by private lenders, such as banks, small business development loans, savings & loans, etc., but are guaranteed by the SBA with funds appropriated by Congress. The funds appropriated for purposes of guarantee are much larger than those appropriated for direct loans. Therefore, the majority of SBA loans are guaranteed loans. The SBA guarantees over $10 billion annually through these types of loans.

SBA Loan Services and Fees

IRA can assist you in obtaining the best SBA loan for your business. Our services include all aspects of the process from loan evaluation through loan closing. Specifically, IRA will:

• Structure the best SBA Loan for your business
• Create your custom SBA Loan application package, designed specifically to the requirements of our lender's underwriters. (This significantly simplifies the loan decision process.)
• Submit your customized loan applicant package to a qualified Preferred SBA Loan Lenders.
• Manage all communication and correspondences with your SBA lender.
• Completely coordinate the piles of documentation required to CLOSE your SBA loan.

A typical timeline for an SBA loan is as follows:

SBA LOAN DECISION TIMELINE

SBA Loan Services & Packaging Fees

Basic Pricing Our fee for the SBA Loan services required to obtain a loan is based on two payments structured as follows:

In the event that your project is turned down by the SBA, the IRA Network will strive to provide the client with other alternatives to raise small business venture capital. IRA Network has vast connections with venture capital resources for start-ups and expansions and will assist you in making contact within the investment community.