The requirements vary from lender to lender, but the SBA has a standard many underwriters adhere to, including:

• Whether the business income can repay the loan.
• Worth and quality of any collateral.
• Overall creditworthiness of the buyer.
• The amount of equity in the business.
• Any secondary sources of repayment—such as seller financing.
• Any additional enhancements, such as life insurance for the buyer, that guarantees the ability to repay the loan.