Option $1-$ Interview an SBA representative

Contact and interview a local Small Business Administration $($SBA$)$ representative by asking the following:

Describe the overall process of obtaining a small business loan.

What levels of funding are available through the SBA?

What criteria does the SBA establish to qualify applicants for loans?

What basic reports are required of a borrower?

Are there special programs for minority owners, and how does one qualify for such programs?

How long does the approval process take?

What is the success rate of SBA loans?

What are the characteristics of successful loan applicants?