SBA prequalification is an evaluation of your business against SBA lending criteria before you list it for sale. This process verifies that your business meets the requirements for SBA financing, making it more attractive to potential buyers.

Typically 2-3 business days after we receive all required documentation.

No, LoanBud provides this service at no cost to business sellers and brokers.

Our loan officers will provide specific feedback and guidance on what needs to be addressed to qualify.

Simply submit updated P&L and balance sheets every 30-60 days to maintain active status.

Yes! Business brokers can submit information on your behalf through our broker portal.

You'll need to provide 3 years of business tax returns, a recent year-to-date Profit & Loss statement and balance sheet (within 60 days), and optionally, a business overview or offering memorandum.

Our loan officers will provide specific feedback and guidance on what needs to be addressed to qualify.

Simply submit updated P&L and balance sheets every 30-60 days to maintain active status.

Contact our broker relations team at prequal@loanbud.com to set up your account and receive training on our platform.

Yes, our pipeline portal allows you to track all your listings in one secure centralized system with real-time updates.

Our prequalification process validates both businesses and buyers, reducing surprises during due diligence and accelerating the timeline for closings.

Complete our online application at apply.sbaloan.app/loanbud and submit the required personal and financial documentation. Our team will review your information and provide feedback within 2-3 business days.

You'll need to provide personal financial statements, tax returns, identification documents, and information about your business experience.

We work with over 40 SBA lenders, which allows us to match you with the ideal lender for your specific needs.