SBA Life Insurance Resources
Clear, transaction-focused guidance for borrowers and SBA lending teams. Requirements depend on your specific lender and loan.
SBA Loan Life Insurance Requirements
Understand when life insurance may be required, how amounts are determined and what to ask your lender.
Read the guide → Getting startedLife Insurance for an SBA Loan
What to do when your lender says coverage is needed.
Read the guide → DocumentationSBA Collateral Assignment
How a policy assignment supports a closing requirement.
Read the guide → Program guideSBA 7(a) Requirements
How 7(a) life-insurance conditions can differ by transaction.
Read the guide → Program guideSBA 504 Requirements
Key considerations for CDC and bank financing conditions.
Read the guide → Coverage amountHow Much Coverage?
Understand lender-specific insurance amounts.
Read the guide → Existing coverageCan I Use My Policy?
What to confirm before assigning an existing policy.
Read the guide → TimingHow Long Will It Take?
What can affect your underwriting and closing timeline.
Read the guide → UnderwritingCan’t Qualify?
How to address a difficult underwriting outcome early.
Read the guide → Policy optionsConvertible Term
Evaluate future flexibility alongside current coverage needs.
Read the guide → Closing toolClosing Checklist
Keep the insurance condition moving toward completion.
Read the guide → Transaction guideBusiness Acquisitions
Insurance planning for SBA-financed business purchases.
Read the guide → Transaction guideFranchise Financing
Insurance considerations for SBA-financed franchise owners.
Read the guide → After closingAfter Loan Payoff
How to address collateral assignment release.
Read the guide → UnderwritingMedical Exams
What can happen when a carrier needs more review.
Read the guide → UnderwritingHealth Conditions
Why early, accurate underwriting matters.
Read the guide →