Would a felony possession charge with no conviction but agreed adjudication upon completion of probation conditions be an automatic disqualification for a SBA 7a loan? I am currently serving my probation terms.
If the crime was adjudicated then you need to list it on the form but it shouldn’t stop you from getting through the SBA’s approval process. If you have a felony conviction then it may not stop you from begin approved either. You’ll have to submit fingerprints under that scenario from the FBI to determine if your conviction was something that would prohibit the SBA from guaranteeing your loan.