Getting Financing Through A SBA Loan

If you are trying to find a way to finance your business, then you may want to consider getting a SBA loan. Many entrepreneurs have been able to get the funds that they need to start their business thanks to SBA loans. A lending institution may also be able to help you with setting up a merchant account and credit card processing.

However, there are several things that you will need to do ensure that you get approved for a SBA loan. Below is the step by step process of getting approved for a SBA loan:

Check Your Credit

Your credit history is one of the things that a company will take into consideration when they are deciding whether or not to approve you for a SBA loan. That is why you should check your credit before you apply for a loan. Verify that all of the information on your credit report is correct. It is estimated that a quarter of people have errors on their credit report. One mistake can cause your credit score to drop drastically, so you should make sure that you report errors immediately.

If your credit score is not as high as it should be, then you should try to improve it before applying for a SBA loan. Paying bills on time and reducing debt are two of the key things that you will need to do to improve your credit.

Put Together A Business Plan

Companies want to know that you are serious about your business, so you will need to put together a business plan. Your business plan should include your short and long-term goals. The plan should also include the amount of money that you need to start your business and how it will be used.

Research Different Banks

After you have checked your credit and put together a business plan, you will need to researcher different banks. You should contact the business development center in order to find lending instituons in your area.

Get Together The Necessary Paperwork

The documents needed to get approved for a loan can vary. However, most institutions require you to submit your last two tax returns, a copy of your business license and the last three bank statements. You should check with the lending institution in order to determine whether you need additional information.



It took me a while to decide who I wanted to settle with to handle all of my credit card transactions because every company wants to make it sound like they're offering you the best rates. was able compare and beat all of the other offers I received. They were also able to provide me the fairest price on my EMV-compliant terminal. My sales representative and the support team were there to assist every step of the way. Ultimately, I'm looking forward to a long term relationship with this company.

Roland Tran from the Hong Kong Kitchen

It is a pleasure dealing with these folks. Their pricing is fair, their statements are understandable and their employees are knowledgeable and friendly.

John MacMillian from the Great Lakes Baking Company

The service was very professional, my sales person (Steven B.) was very well versed in the product and most helpful in getting our company set up to accept credit cards via my cell phone. Their rates are some of the lowest on the market and their service is unparalleled. I will recommend them to anyone requiring a credit card processing service.

Michael Harper from Deluxe Auto Body

Jonathan C. is wonderful to work with. He is very helpful, accommodating and resolves any issue quickly. It is hard these days to find someone who gives great customer service, but I can say, Jonathan is the best! I would not hesitate to recommend him to any business owner and to assist you in helping to grow your business.

Linda Garner from Regali Da Forno

I called indecisive about getting a device, but speaking to your Sales Consultant completely settled me. He was very professional, knowledgeable and patiently walked me through the process. He always responded to my voicemails and answered all my questions. After I received my merchandise, he called following up to ensure that I had received it. Customer service I would say is 5 stars. Stellar! Thanks Credit Card Processing, I will definitely recommend you.

Sarah Morgan from Vision International Ministries
Call Us Today! (866) 837-0751

© 2016 All rights reserved. Privacy Policy
CREDITCARDPROCESSING.COM, LLC is a registered ISO of Wells Fargo Bank, N.A. Walnut Creek, CA

*Further terms and conditions may apply. Promotion contingent upon's receipt of written competing offer(s).

**Certain restrictions may apply.

Promotional offers brought to you by

Call (866) 837-0751 for details.