are SBA loans guranteed and what do I need to get one?

Answer 1

To get an SBA loan you need:

1) a sound business plan
2) good credit
3) you must first be denied a business loan by a private bank
4) to apply for the SBA loan.

Answer 2

This loan allows you to start a small business. The department of Small Business Administration (SBA) acts as a guarantor for these loans. These loans are provided by banks or financial institutions. Very rarely, the SBA provides the loan directly.

Along with the SBA, certain other government agencies provide financing to small businesses through loans and grants. To avail of this loan, you have to submit the business plan that you have chalked out along with your abilities to indicate that you can handle the business properly. Your credit score should be high to get the loan. The lending authorities check your credit ratings before approving your loan.
http://debts-to-wealth.com/category/Government-Small-Business-Loans.html