|Existing Business||Change of Ownership||Start-Up|
|Verifiable Experience||Proven by Existing Business Status||Proven Management Experience – With Ownership Transition Plan||Proven Management Experience in the Industry of Previous Successful Business Ownership Experience|
|Personal Credit||650 or Better – Past Due Accounts Explainable||650 or Better – Past Due Accounts Explainable||675 or Better – no collections, Bankruptcies, Judgements or Liens|
|Character Issues (Arrest) eg: DUI||912 Issues to be Cleared by SBA||912 Issues to be Cleared by SBA||Limited 912 Issues|
|Amount of Injection||10%||10%||15%|
|Personal Liquidy After Cash Injection||3 Months Personal Living Expenses After Closing||3 Months Personal Living Expenses After Closing||>6 Months Personal Living Expenses After Closing|
Please note that SBA Lenders can add overlays and implement some of their own guidelines in conjunction with SBA Guidelines.
Learn about Small Business Lending