What to know before an SBA loan
This article, from the publisher's own SBA lending desk, shares six lessons from an SBA underwriter: shop for competing bank offers instead of taking the first quote, expect gaps in banker response times to slow the process, and know that a personal guarantee can be part of the loan. It also covers qualifying early, buying the business you qualify for, and using a working capital loan to consolidate debt. It discloses that the publisher takes a commission from funded loans.
“Yes, sometimes your personal property backs the loan.”— Contrarian Thinking, How a Career SBA Underwriter Built a Lending Desk That Makes Banks Compete, Jul 2026
Do this
Request quotes from at least three lenders this week and ask each what personal guarantee or collateral they would require.