SBA Loan Application Support for Business Buyers
What is SBA application support? SBA application support from The Exit School helps buyers prepare and submit an SBA 7(a) loan application to buy a business. We help you build the package lenders look for, including a Quality of Earnings, an SBA-format business plan, a 36-month pro forma and your personal financial statement, then stay with you until the loan is approved.
Who it's for
- Buyers financing an acquisition with an SBA 7(a) loan, especially first-time buyers who haven't been through bank underwriting.
What's included
- Guidance on SBA Form 413, the Personal Financial Statement
- An SBA-format business growth plan built around the business's value levers
- A 36-month pro forma finalized 1:1 with our finance coach
- Quality of Earnings to back up the cash flow your lender will underwrite
- Regular check-ins while the application is in process
- Help filling gaps when your banker asks for more information
How it works
- Complete your personal financial statement early in due diligence.
- Build your QofE, growth plan and pro forma.
- Submit your application to an SBA lender.
- Respond quickly to banker requests, with our help.
- Keep working operational due diligence while you wait for approval.
Important to know
- SBA rules change; confirm current requirements with your lender. Sources: SBA equity injection under SOP 50 10 8, MBBA 7(a) program overview, April 2026.
Frequently asked questions
How much do I need to put down for an SBA loan to buy a business?
For a full change of ownership, SBA rules require at least a 10% equity injection on total project costs. A seller note on full standby can cover up to half of it; lenders may require more.
What do SBA lenders look for when you buy a business?
Enough cash flow to cover debt payments with a cushion, a credible business plan and projections, and a buyer who can run the business.
What is an SBA business plan?
A written plan explaining the business, your experience, your growth strategy and financial projections. Lenders use it to judge whether the loan will be repaid.
Can I use SBA and investors together?
Yes. Many buyers combine an SBA loan with investor equity. See our fundraising support.