12/22/2008 — Master site admin
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The Low Doc program was designed to simplify the SBA application process and shorten the processing time for smaller loans. To be eligible, a business must have 100 or fewer employees, and annual sales for the past 3 years must be less than $5 million. This program allows for an SBA guarantee of up to 80% for loans up to $100,00, and up to 75% for loans between $100,000 and $150,000.