< Frequently asked questions

What does withco consider a “small business?”

We follow the Small Business Administration’s (SBA) guidelines for what qualifies as a small business. This is because the most common loan-type our partners take out following the end of their withco lease is an SBA loan. SBA guidelines vary drastically by industry but consider both the business’s revenue and number of employees.

To be eligible for an SBA 504 loan, your business must:

  1. Operate as a for-profit company in the United States or its possessions
  2. Have a tangible net worth of less than $15 million
  3. Have an average net income of less than $5 million after federal income taxes for the two years preceding your application

Note that the SBA restricts lending to certain industries, and as a result, we cannot partner with the following types of businesses: 

  1. Marijuana
  2. Firearm industry
  3. For-profit prisons
  4. Payday loans
  5. Casinos / gambling
  6. Fracking

Read more about the kinds of businesses that qualify for withco partnership.