In short, as long as your lender allows it, you can have multiple SBA loans at the same time. ... To qualify for a second SBA loan, your first loan should be in good standing, and you'll want to have positive cash flow, strong credit, and sufficient collateral.
Yes, as long as each of your loans fits within the SBA's lending guidelines, there is nothing preventing you from having more than one SBA loan. ... However, if you get approved for two SBA loans of the same kind within a 90 day period, the SBA may treat it as one loan for underwriting purposes
A business owner who fulfills SBA’s lending guidelines for each loan type can get 2 SBA loans at a time. But you need to make sure that you’re applying for two different SBA loans as getting the same SBA loans within 90 days period will be treated as one loan for underwriting purposes.
To be eligible for two SBA loans, your business will need to:
1) Have a credit score of 680 or above
2) Stay within the SBA’s maximum borrowing amount
3) Fulfill all the SBA eligibility requirements
4) Hav
Comments (6)
Ajay Singh
5
Financial Advisor
In short, as long as your lender allows it, you can have multiple SBA loans at the same time. ... To qualify for a second SBA loan, your first loan should be in good standing, and you'll want to have positive cash flow, strong credit, and sufficient collateral.
Faydety Egypt
2
Faydety
Yes, as long as each of your loans fits within the SBA's lending guidelines, there is nothing preventing you from having more than one SBA loan.
Xuong May Da
6
Xưởng may da
Yes, as long as each of your loans fits within the SBA's lending guidelines, there is nothing preventing you from having more than one SBA loan. ... However, if you get approved for two SBA loans of the same kind within a 90 day period, the SBA may treat it as one loan for underwriting purposes
Adina Việt Nam
4
Công ty TNHH Giải pháp thương hiệu
Theo hiểu biết của tôi, không dễ để có được 2 khoản vay SBA
Henry S.
6
Growing Your Business Has Never Been Easier
A business owner who fulfills SBA’s lending guidelines for each loan type can get 2 SBA loans at a time. But you need to make sure that you’re applying for two different SBA loans as getting the same SBA loans within 90 days period will be treated as one loan for underwriting purposes.
To be eligible for two SBA loans, your business will need to:
1) Have a credit score of 680 or above
2) Stay within the SBA’s maximum borrowing amount
3) Fulfill all the SBA eligibility requirements
4) Hav
Saurabh Mittal
2
Digital Marketer, SEO , SMO, PPC
As per my knowledge, It is not easy to get 2 SBA loans