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Catalysts of the American Dream — Delivering Expert Guidance

Mission Statement

SBAWallet.com: the small business engine designed to empower small businesses by providing knowledge of SBA financing and connecting Wall Street to Main Street. 

Streamlined SBA Guidance. Straight Answers.

SBA Wallet helps borrowers cut through the SBA maze from the very first question. It eliminates confusion and avoids the usual runaround by giving you a clear path so your deal actually moves forward. From day one, SBA Wallet addresses the key questions buyers always have and walks through the most common early concerns so borrowers understand what the SBA process really looks like. SBA Wallet does not collect documents or build loan packages. Instead it advises borrowers on what lenders typically need for a lender ready file so people can prepare with the right expectations and avoid surprises later.

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Comprehensive SBA Guidance
SBA Wallet helps borrowers understand the two core SBA programs, the flagship SBA 7a loan and the SBA 504 loan. Together these programs can support a wide range of projects including business acquisitions, partner buyouts, working capital, equipment purchases, construction, and owner occupied commercial real estate.

 

The SBA process can feel overwhelming when you are unsure what lenders expect. SBA Wallet explains eligibility, structure, and common documentation needs so you have a clear understanding whether you are preparing to approach a bank or already working with one and the transaction is not moving forward as expected.

 

If you want to review your project or see which SBA option fits your situation, reach out and SBA Wallet will help you get clarity and direction.

Documentation Checklist

Below is a general checklist, as applicable, when applying for an SBA 504 or SBA 7(a) loan. You'll typically need to provide most lenders with a wide range of documentation. We have included the most commonly required documents below. Ensure that all documents are accurate and up-to-date to streamline the application process.​​

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General documents required for an existing business looking for SBA loan:

  1. Business tax returns for the last 3 years

  2. Personal tax returns for the last 3 years

  3. Business debt schedule

  4. Interim financial statement (signed and dated, with a balance sheet and income statement dated within the last 2 months)

  5. Accounts receivable aging (dated within the last 2 months)

  6. Accounts payable aging (dated within the last 2 months)


New Business:

  1. Complete Business Plan

  2. 3 year of financial projections with assumptions

  3. Purchase agreement

  4. Contractor's written estimate (if applying for a construction loan)


If includes a Franchise Business:

  1. Letter of intent from franchisor

  2. Franchise Disclosure Document (FDD)

  3. Franchise agreement
     

Buying an Existing Business:

  1. Seller's tax returns for the past 3 years

  2. Interim financial statement (dated within the last 60 days)

  3. LOI or Signed purchase agreement
     

Refinancing a Loan:

  1. Original debt documentation

  2. Original purchase agreement (including settlement sheet)

  3. Lienholder information

  4. 12-month payment history

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