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We do not have a 20% owner or we are a non-profit with no owners. Your system won’t let us proceed, what do we do?

Please read carefully as the SBA is requiring different ownership percentages based on the business type as follows:

  • Sole Proprietor, Self-employed, and Independent Contractors must input 100% of the ownership.
  • Non-Profits must list either a director or authorized signer as the 20% owner.
  • All other businesses are required to input at least 20% ownership and can only use five owners to get there.
    • If there are no 20% or more owners or the five owners’ ownership percentages do not equal 20% or greater, you will need to adjust the ownership percentages to reach the minimum of 20% or the application will not be accepted by the SBA.