Solved: Contact and interview a local small business administration, Finance Basics

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Contact and interview a local small business administration

Option 1-Interview an SBA representative

Contact and interview a local Small Business Administration (SBA) representative.

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 reporting is required of the 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?

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