Loans
Is it possible to get an SBA 7(a) loan as a foreign corporation or would an incorporation in the States be necessary? What would be the next step to get pre-approved for a loan? All the businesses are profitable and have a sufficient Debt Service Coverage Ratio.
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Answers
Founded and managed 6 startups in the USA
No. The business needs to be registered in the USA and at least one majority owner (ex. 51%), should be a legal resident or citizen of the USA.
Answered over 2 years ago