Pondering the odds of landing a Small Business Administration (SBA) loan? Now you can sidestep the guesswork, thanks to free loan analysis software from the National Business Association (NBA).
The First Step Review disk series is tailored to SBA specifications, eliminating unnecessary paperwork and making the loan application process easier for both business owners and the SBA.
The program is interactive and easy. "You'll [learn] what the SBA wants to see and how they want to see it," says Jody McWilliams of the NBA. To assess the likelihood of loan approval, "just plug in the numbers, and the software calculates and prints out your results."
If you don't score high enough, the software shows you areas you need to work on before submitting your application. Follow-up disks ($5 each) fine-tune your balance sheet, cash flow analysis, business plan, and profit-and-loss statements.
For software or additional information, call the NBA at (800) 456-0440.