OUR PROGRAMS

SBA LOW DOC LOAN PROGRAM
Printable Brochure

Less Paperwork, Swifter Loan Processing

Are you a business that needs to quickly secure financing? The U.S. Small Business Administrationís LowDoc Loan Program was created to meet that challenge.

Under this program, Business Carolina, Inc. can provide up to $150,000 through an expedited process that begins with a one-page SBA loan application from a new or existing business. Business Carolina, Inc. adds its own one-page application and the SBA can then guarantee the LowDoc loan with repayment terms of up to 25 years.

Terms can be blended to meet the use of the credit, which can include real estate acquisition, renovation or expansion, as well as leasehold improvements, working capital and, under certain conditions, debt refinancing.

Existing businesses must provide one year of financial history and one year of projections to be considered for a LowDoc loan. New businesses need to show a projected start-up balance sheet and three years of projected income statements.

Back to Overview