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

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:
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Any lender recommendations for SBA loans that work well for new businesses (startup-friendly)?
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Lessons learned — what helped your deal get approved and funded smoothly?
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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!
in New York, NY, USA
from Bentley University in Charleston, SC, USA