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Sba 480 Form: What You Should Know

See 1405A Notice for SIC Exam Nomenclature Guide. SBA Form 480 Size Status Declaration A SIC has reported more than 60 days of time loss in all three of the SIC areas: small business; small manufacturer; and small distributor. SBA Form 480 Size Status Declaration To determine whether a SIC is a small business (SBA 3) or small manufacturer (SBA 3), it must have received the information on SBA Form 480 SBA Form 480 Size Status Declaration. It must also report whether any one of the SIC areas has required more than 60 days of time loss. See SBA Guide 1520: Small Business Examination. Supporting Statement for SBA Form 480 — SIC Exam Form This supporting statement (Form SBA Form 480) states that the applicant is a small business, or small manufacturer.

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Video instructions and help with filling out and completing Sba form 480

Instructions and Help about Sba form 480

At Len genius it's our mission to demystify the world of business lending to make financing more accessible to small business owners like you matter what business you're in by the end of this video you'll have a full understanding of SBA loans what they are Wiley this through therefore and most importantly how to get one the Small Business Administration is a government body that exists to support entrepreneurship in America it backs third-party loans for growth activities like purchasing inventory or equipment buying real estate and acquiring other businesses with the rates as low as six percent in terms of long as twenty five years SBA loans are among the most inexpensive forms of financing available to small business owners applicable for many general business needs the general SBA 7a loan program is a broad and well-known category providing flexible loan guarantees up to five million there are also real estate and equipment loans via the CDC 504 loan program which helps business owners obtain property and other tangible assets with a favorable low downpayment fixed interest rates and long repayment periods and then there's the micro loan program which is perfect for businesses that are looking for a $50,000 loan or less to be used towards machinery furniture inventory or supplies let's not forget about the disaster loan program which provides low-interest loans to replace or repair property machinery equipment or inventory damaged in a disaster but how do you qualify for an SBA loan the first thing you'll have to do is complete an SBA loan application and eventually you'll also be asked to produce financial document tax attorneys legal documentation and a business plan requirements may vary depending on which program you're applying for but don't worry not all SBA lenders need this much documentation...