Yes. The SBA must review your financial statement and one for each partner, officer, director and stockholder with 20 percent or more ownership. The SBA requires the principals of the business to personally guarantee repayment of the loan and, in some instances, to secure the loan by pledging additional collateral.
Must I submit a personal financial statement with my loan application?
Most Visited Articles In:
Skip Most Visited Articles and go to Relevant Media Links
Relevant Media In:
Skip Relevant Media and go to Success Story Links
No relevant media for this area.
SBA Success StorySkip Success Story and go to Left Sub-Menu Links
By Danny Monahan Small Business Administration Vermont District Office public information officer ACE Hardware’s new...
Garland Mill Timberframes of Lancaster, New Hampshire was recently named the 2013 Jeffrey Butland Family Owned Business Award winner by SBA New...
Step into Diva’s Day Spa and be transformed. Tall, elegant Jane Moates, the owner and operator of Diva’s Hair and Day Spa is all about...