10. It takes 9 to 10 months to get a loan through the SBA

9. Because the SBA guarantees this loan, the lender doesn't care if it's a good deal

8. The SBA application is over 100 pages

7. You must have a house to qualify and collateral

6. You must have a detailed business plan

5. No bank will do this loan - I already asked

4. SBA loans cannot be used toward leasehold improvements or goodwill

3. Friends told me that SBA would finance 100% and I won't need a down payment

2. My credit score shouldn't matter because this loan will be insured by the government

1. You must be declined by 3 banks in order to apply for an SBA loan