To be eligible for an SBA business loan, a small business applicant must:
Be an operating business (except for loans to Eligible Passive Companies);
Be organized for profit;
Be located in the United States;
Be small under the size requirements of part 121 of this chapter (including affiliates). See subpart H of this part for the size standards of part 121 of this chapter which apply only to 504 loans; and
Be able to demonstrate a need for the desired credit.
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