Thank you for your interest in applying for a small business loan with the help of Indymae. The SBA 7(a) term loan is designed to quickly provide funds for small businesses that need it. We are excited to be working with you!

Here are some details you should know:
 

Loan proceeds must be used for working capital or debt refinance, equipment purchases, inventory and other business uses only. Working capital examples include: marketing, hiring/payroll, other day-to-day operational expenses and location improvements. Debt refinance examples include: High interest rate business term loans and/or merchant capital advance financing.

Minimum 2 years in business required with weighted average FICO scores for all owners over 650

 

Complete the forms fully with these documents ready to upload.

If a document is not available it can be sent in later.

​

Business

• Most recent three years of unredacted business tax returns, as applicable.

• Year ending Profit and Loss statement and Balance Sheet

• 6-months most recent bank statements

• Copy of business lease or mortgage statement

• List of current business debts

• Copy of business licenses, as applies

Personal

• Most recent three years unredacted personal tax return for every owner with 20% or more ownership in the business.

• A valid driver’s license or other government issued identification for every owner with 20% or more ownership in the business.

​

It's best to use a desktop or laptop to complete.