Jeff Wilson, the principal of W2 group, addresses some frequently asked questions related to the SBA program. In part 1 of our 3 part series, he explains that though a business less than one year old can apply, it is not recommended, as the SBA generally looks for businesses that have been in operation for at least two years and have commercial success. He also talks about tax returns and the number of tax returns that need to be submitted for a two-year waiver. Wilson advises having a strong business case, exceptional performance, extensive business knowledge, and a plan for success to be successful in the SBA program.
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The W2 Group, LLC