1. Prepare Your Business Plan: A well-crafted business plan is essential. It should include your business model, target market, financial projections, and how you plan to use the loan funds. 2. Choose the Right Loan Program: Determine which SBA loan program best fits your needs. For example, the 7(a) loan program is versatile and can be used for various purposes, while the 504 loan program is aimed at purchasing fixed assets. 3. Find an SBA-Approved Lender: You need to apply through an SBA-approved lender. The SBA website has a Lender Match tool to help you find suitable lenders. 4. Submit Your Application: Complete the loan application and submit it along with required documentation such as financial statements, tax returns, and your business plan. 5. Await Approval: The lender will review your application and, if approved, the SBA will guarantee a portion of the loan, reducing the risk for the lender.