[Incbiz440]

Hey lovely people, had a question for anyone well versed in sba products. I was speaking with a broker who told me he can get a SBA loan for a client with only 1 year of business tax returns , year to date PnL and the typical questionnaire.

And then some other brokers told me they all need atleast 2 years of taxes. Wondering which one is true and if its possible to still get the sba with 1 year of taxes. Merchants been in business since 2022 , 660 credit , $480,000 annual business revenue

And yes, i know steve benjamin handles these types of things. Just wanted to know if it was possible

TIA

Technically you can get "a" SBA loan with that or less, but what program. When I was working in banks under 2 years was considered start-up and full package, but non-bank SBA did smaller loans sometimes did with a year, or a scored process TIB+credit+basic SBA qualifiers. Those were little though, talking 50k or under.