US Members: possible to get SBA funding?
 

I've heard that getting loans through the SBA can be a huge pain in the ass. Still, would it be possible for someone with a 650-700 credit score, business ownership history and several years of employment to get a loan to buy a business?

Does anyone know anything about it? Not the shit on the SBA website, but actual, first-hand experience?

Your credit score will hold you back. SBA needs 3 years of business existence, profitability (or assets to collateralize against) and a 745+ score.

Try this service http://lexingtonlaw.com and get your credit fixed up. Make sure you have a solid business plan and can clearly vocalize Use of Funds.

Then cross your fingers! Small banks are much better to go to.

think it depends on the SBA loan type you're seeking. Also on the issuing bank they each have their own lending standards