First Step Review

Why is NBA Offering First Step Review?

In recognition of the importance of small business to a strong economy, the National Business Association has developed First Step Review to help meet the informational needs of existing business owners and aspiring entrepreneurs.

What is the First Step Review?

First Step Review is a screening tool that helps smaller businesses (with less than 100 employees and annual sales of less than $5 million) determine the likelihood of qualifying for a SBA guaranteed loan. If your score is 70 or greater on First Step, then the next step would be to find a lender who is SBA certified for loans. However, if your score is less than 70 on First Step, your next step would be to find a counselor at your local Small Business Administration (SBA), Small Business Development Center (SBDC) or Service Corps of Retired Executives (SCORE) offices who can provide help with bettering your position and score.

Who Funds the Loan?

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 SBDC, SCORE chapter, or SBA office should be able to help you find a lender. A listing of certified lenders is available at your local SBDC, SCORE, or SBA office. Local offices should also be able to help you gain a better understanding of the criteria and steps necessary to qualify for a loan.

How to Use this Handbook

This handbook was designed as a tool to help you familiarize yourself with the First Step Review program. It is designed to be used in a classroom or workshop setting either in a group setting or a one-on-one session with a counselor or loan officer. Please complete all sections on this manual prior to taking the First Step Review online or your personal computer.

Computer/System Requirements

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.) You can also Download the First Step Review and run it on your local computer. (NOTE: print and e-mail functions won’t work without an Internet Connection). Otherwise, select “Next” below to complete an online version of First Step Review.

Download the First Step Review Here

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