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Where To Get Help Before Applying for an SBA Loan

Adapted from the U.S. Small Business Administration Web site.

The Small Business Administration has offices in almost every major city in the United States. The SBA Office of Business

Initiatives operates a toll-free Answer Desk at (800) 8-ASK-SBA, which can provide direct referrals to appropriate sources of information.

The SBA also sponsors a variety of counseling, training, and information services:

  • Service Corps of Retired Executives (SCORE)
  • Business Information Centers (BICs)
  • Small Business Development Centers (SBDC)

There are also more than 2,700 chambers of commerce located throughout the country to provide additional assistance. Be sure to read Finding an SBA Office and SBA Lenders Near You to begin the process.

Before you apply for a loan, you'll need to have the following information:

  • A complete business plan
  • Specific information on employee, vendor, and market possibilities
  • Potential locations of operations
  • A budget of needed funds

Understanding Financial Statements
Host Hattie Bryant of Small Business School interviews Jim Schell of Opportunity Knocks, a consulting company based in Bend Oregon; Nani Waddoups of R. Wagner Arts, a custom interior finishing company based in Portland, Oregon.