Help - any SBA loan experts?

intermediary profile

January 04, 2023

by an intermediary in Chicago, IL, USA

Hi all -

Hoping there's someone here who's had experience SBA loans that can lend their expertise.

We have a situation where we converted from LLC to C Corp after our first year of operations (and to date, have 3 years of total operations). Thus, we have 1 year of tax returns as an LLC and 2 years of tax returns as a C Corporation, under different EINs due to the conversion.

Is anyone able to let us know if the SBA loan requirement for 3 years of fed income tax returns would accept our 3 years of returns under 2 different EINs?

If it matters, we have it all papered up with formal conversion docs filed with Delaware, board resolutions, etc.

Thanks in advance!

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commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
I have dealt with this before and it is not an issue so long as you can prove the conversion of the company and it is the same company. The lender will just have you sign two separate forms for copies of transcripts, one for each entity. If you would like to discuss in more detail or need SBA lenders, you can reach me directly at redacted Good luck.
commentor profile
Reply by a lender
in Lakewood, NJ 08701, USA
As long as the ownership and business operations are the same, the lenders we work with won't see this being an issue. They will evaluate all 3 years as one company. Feel free to DM me with any questions.
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