​What Do You Need When Applying For a Small Business Loan?

Title.

I’m considering applying for some type of SBA loan in the near future (under six years). I want to know everything about these loans and what you need in order to qualify for one.

Here are some other questions I have:

Can I use my personal credit score when applying for a small business loan?

Does said business need a track record in order to quality for an SBA loan? Could a startup without any track record also qualify for one?

Will your personal income affect the size of the loan?

How much capital should one expect when applying for these types of loans?

I’m relatively new to the subject of SBA loans. And although I’ve been doing my research, many sources don’t seem to give a clear answer. I’d appreciate any I help I can get from you guys!

Thanks 🙂

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