Jonathan Mills Patrick

SBA Loan Analyzer - AI-enabled - Do You Qualify for SBA Loans? Know Before You Apply

Announcing the launch of the SBA Loan Analyzer, an AI-based tool designed to help SBA loan applicants better understand their chances of getting approved BEFORE they talk to brokers or lender.

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Jonathan Mills Patrick
Every year there are between 50,000 to 100,000 applications for Small Business Administration (SBA) 7(a) loan applications. Of those, approximately 20%-40% are approved. That low approval ratio means that a lot of applicants are spending energy, money, and time applying for SBA loans and not getting approved. That is because applicants don’t understand how SBA loans work or what goes into their approval.