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