The SBA requires a Personal Financial Statement from each loan applicant and this document needs to show how much and where the down payment will come from to buy the business. The SBA program requires the buyer to make a capital injection to buy the business; they will not approve a zero down loan.
The SBA wants loans made to citizens with a clean criminal record. If you 've had a drink driving offense and it goes back a few years, they will require a full explanation of what happened so they can determine whether or not they will underwrite their portion of the loan.
SBA loans are for a business with a positive cash flow. With the loan application there needs to be a business model that shows the cash