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Lenders and government guaranteed loan programs have unique eligibility requirements such as eligible use of proceeds to get the loan. Small businesses will need to provide documentary evidence to show how the proceeds were used once you are successful in attaining your loan
In general, eligibility is based on what a business does to generate revenue, the character of its ownership, and where the business operates.
Normally, businesses must meet SBA size standards, be able to repay the loan, and have a sound business purpose. The lender will provide you with a full list of eligibility requirements for your loan.