Looking for advice & lender recommendations for SBA 7(a) startup loan

searcher profile

July 01, 2025

by a searcher from Western Governors University in Andover, Kansas, United States

Hi everyone — I’m working on launching a powersports dealership (Iron Plains Powersports) and I’m pursuing an SBA 7(a) loan to fund the startup. I have strong personal credit, a solid business plan, a clear use of funds, and I’m putting in the required equity injection. I’d love to connect with searchers or operators who have navigated the SBA process for a startup (not just acquisitions). Questions: ? Any lender recommendations for SBA loans that work well for new businesses (startup-friendly)? ? Lessons learned — what helped your deal get approved and funded smoothly? ? Any pitfalls to watch for when structuring the equity injection or personal guarantee? I’m open to connecting directly if you’ve been through this or have a lender you trust. Thanks so much for any insight — I appreciate this community!
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Reply by a professional
in New York, NY, USA
HI Ricky! Lets connect, I could point you to a few direct lenders who I work well with.
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Reply by an intermediary
from Bentley University in Charleston, SC, USA
Hi Ricky, I know a great sba start-up lender. redacted
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+3 more replies.
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