Application

View our Application and Checklist

Items needed for an SBA 7A Guaranty Loan or SBA 504 Loan

Each form is ready to print out or can be filled in online, saved to print, email or bring into our office.

Other Items Needed

    • Resume on all owners/management
    • Most recent 3 years Personal Tax Returns on all owners/applicants with 20% or more ownership.
    • Most recent 3 years Corporate Tax Returns on business/borrowing entity
    • Current Operating Statement and Balance sheet on business/borrowing entity (no older than 60 days)
    • Copies of all notes/obligations of business, with balances corresponding to the current balance sheet being submitted.
    • Aging of Accounts Receivable and Accounts Payable (if balance sheet is prepared on “Accrual” basis). This should reconcile to current balance sheet being submitted.
    • Most recent 2 years Corporate Tax Returns on all affiliate businesses. (Refer to Schedule E on ‘11 Personal Tax Return for companies which SBA will require tax returns.)
    • History of Business (i.e. when established, number of employees, area of operation, types of services provided, day-to-day management, competition, days/hours of operation, etc.)

*Please add the following based on type of project;

If  Acquiring Existing Business

  • Copy of Sales Agreement detailing assets to be purchased and corresponding cost for each.
  • Copy of most recent appraisal on land/building (if applicable, and if available)
  • Copy of lease (if project involves leased space)
  • Business Valuation. (If “Goodwill” is involved and exceeds $250M, a Business Valuation must be prepared by certified, third party and submitted along with the SBA application.)
  • Most recent 3 years tax returns on business being acquired.
  • Source and amount of down-payment/equity injection. If portion includes “seller-financing”, please provide letter from seller outlining amount and terms.

If  Debt Consolidation/Refinancing

  • Copies of all notes/obligations of company. Please note the ones to be refinanced/consolidated.
  • If participating lender on SBA 7A loan is refinancing its own debt, please include the loan history on each corresponding note. (Please note that in order to be eligible for refinancing; the participating lender’s loan cannot have any payments over 30 days late for previous 36 mos.)

If Purchasing Fixed Assets only 

  • Copy of Sales Agreement on land/building to be purchased
  • Copy of most recent appraisal (if available)
  • Vendor quote on machinery/equipment to be purchased
  • Source and amount of down-payment/equity injection. If portion includes “seller-financing”, please provide letter from seller outlining amount and terms.

If  Start-up Business

Copy of Business Plan to include the following

  • Proposed owners & percentages of ownership
  • Projected Operating Statement for first two years, with detailed assumptions. The first year should be on month-to-month basis.
  • Details of project cost (i.e. land/building purchase, renovation cost, leasehold improvements, purchase of equipment, inventory, working capital, etc.)
  • Source and amount of down-payment/equity injection. If portion includes “seller-financing”, please provide letter from seller outlining amount and terms.
  • Types of services to be offered & service area
  • Competition
      • Days/hours of operation
      • Proposed management/qualifications & experience
  • Copy of Proposed Lease Agreement (if planning to lease space)
  • Copy of Sales Agreement (if purchasing land/building)

If requesting Working Capital only: 

  • 12-month projected Cash Flow Analysis which justifies the amount being requested. (The company’s CPA should be able to assist with this, or you may contact the Small Business Development Center in Brunswick at 912-264-7343 for assistance.)

*NOTE: All SBA loans require a bank willing to fund the loan, subject to a guaranty from the Small Business Administration. Your information can be reviewed by CADDA to determine eligibility and financial feasibility, however, a commitment letter from a bank must be obtained before the application can be submitted to the SBA.

Should you have any questions, please feel free to call any one of our staff.

CADDA (Brunswick office)
501 Gloucester St., Suite 201
Brunswick, GA 31520
912-261-2500 ph.
912-261-0032 fax

CADDA (Savannah office)
1 Bull St., 3rd Floor
Savannah, GA 31401
912-236-9566 ph.
912-236-9562 fax