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Benefits - NBA First Step Review
 NBA
First Step ReviewIn recognition of the importance of small
business to a strong economy, the National Business Association (NBA) has developed
First Step Review to help meet the informational needs of existing business owners
and aspiring entrepreneurs. First
Step is a screening tool to help smaller businesses (with less than 100
employees and annual sales of less than $5 million) determine the likelihood of
success in gaining a guaranteed loan. If you gain a score of 70 or more on First
Step, then the next step would be to find a lender who is SBA certified for loans.
Loans come from local lenders, not the SBA; the SBA helps by guaranteeing
a major portion of the loans to reduce the risk to lenders. Your local Small
Business Development Development Center (SBDC), local SCORE chapter,
or local SBA
office should be able to help you find a local participating lender. (A
listing of certified
lenders is available. Your local SBDC, SCORE, or SBA office should also
be able to help you gain a better understanding of the criteria and steps necessary
to gain a loan.
First
Step Review requires version 4.0 or higher of Internet
Explorer or Netscape.
(If you need to upgrade, these browsers are available for free at their Home pages.)
If you wish to answer the First Step questions on paper before working online,
select Print
Forms. Please understand that First
Step Review is a screening tool for you to prepare for visits to your lender.
Your lender and the SBA will need clear evidence to support your answers, so overstating
answers on First Step will not be in your best interest.
First
Step Review is brought to you by the National
Business Association, in conjunction with the Small
Business Advancement National Center. Click
link below to begin: First
Step Review
Contact Information:
URL: http://www.nationalbusiness.org/NBAWEB/first_step/page1.htm
Telephone: 1-800-456-0440
Benefit ID: B100 Available
to all NBA web users.
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