Actually, we had an SBA loan for a web software company in the web 1.0 days. We were doing web-based products and some custom dev for the higher-education secto

Actually, we had an SBA loan for a web software company in the web 1.0 days. We were doing web-based products and some custom dev for the higher-education sector. From what I recall, they were less worried about what you did and more concerned about crossing your Ts and dotting your Is. They wanted detailed biz plan (not your 37signals 1 pager), 3-5 years of projected P/L statements, balance sheets, etc. We got the loan (roughly $100k) through a local bank and, while there were mountains of paperwork, they were great to work with. After the .com bust, a lot of Calif. schools (our main market) got their budgets and grants slashed and our business slowed. The bank was really cool about letting us make interest only payments for a while. Eventually, we were able to sell the business for enough to pay off the loan and have a little extra dough.