Can someone get 2 SBA Loans?

Saurabh Mittal  Digital Marketer, SEO , SMO, PPC
As per my knowledge, It is not easy to get 2 SBA loans
Dec 4th 2020 01:26   

Henry S.  Growing Your Business Has Never Been Easier
A business owner who fulfills SBA’s lending guidelines for each loan type can get 2 SBA loans at a time. But you need to make sure that you’re applying for two different SBA loans as getting the same SBA loans within 90 days period will be treated as one loan for underwriting purposes.

To be eligible for two SBA loans, your business will need to:

1) Have a credit score of 680 or above
2) Stay within the SBA’s maximum borrowing amount
3) Fulfill all the SBA eligibility requirements
4) Have collateral
5) Be in an excellent position on your current SBA loan

You can take out multiple SBA loans as long as you can you remain within the SBA guidelines.

Which says as long as the combined total of the two SBA loans do not exceed the SBA maximum guarantee level of 75% of $ 5.0 million, or $ 3.75 million dollars.
Dec 4th 2020 01:44   

Adina Việt Nam  Công ty TNHH Giải pháp thương hiệu
Theo hiểu biết của tôi, không dễ để có được 2 khoản vay SBA
Dec 4th 2020 01:45   

Xuong May Da  Xưởng may da
Yes, as long as each of your loans fits within the SBA's lending guidelines, there is nothing preventing you from having more than one SBA loan. ... However, if you get approved for two SBA loans of the same kind within a 90 day period, the SBA may treat it as one loan for underwriting purposes
Dec 4th 2020 02:47   

Faydety Egypt  Faydety
Yes, as long as each of your loans fits within the SBA's lending guidelines, there is nothing preventing you from having more than one SBA loan.
Mar 22nd 2021 23:07   

Ajay Singh  Financial Advisor
In short, as long as your lender allows it, you can have multiple SBA loans at the same time. ... To qualify for a second SBA loan, your first loan should be in good standing, and you'll want to have positive cash flow, strong credit, and sufficient collateral.
Dec 30th 2021 04:52