If SBA 7(a) loans become directly available through the agency if it's under $150K, would an established business be more advantageous than a new one?

An established business with revenue is almost always better than a new LLC. You can consider registering your LLC as a foreign entity in CA.

If SBA 7(a) loans become directly available through the agency for amounts under $150K, both established businesses and new businesses may benefit from the availability of these loans.

For established businesses, the advantage may come from their existing financial history, which may make them more attractive candidates for loan approval. They may have a proven track record of generating revenue and managing expenses, which can make them more creditworthy in the eyes of lenders.

On the other hand, new businesses may also benefit from the availability of these loans if they have a solid business plan and projections for revenue growth. They may also be able to use the funds to establish a strong financial foundation for their business.

Regardless of whether a business is established or new, the terms of the SBA 7(a) loan program can be advantageous. These loans typically have longer repayment terms than traditional loans, which can help businesses manage cash flow more effectively. In addition, they may have lower interest rates and require less collateral than other types of loans.

Ultimately, whether an established or new business is more advantageous will depend on the specific circumstances of the business and its financial history. However, the availability of SBA 7(a) loans can provide a valuable source of funding for businesses of all types.

You hav to be two years in business. Check with your accountant of attorney. I would start a NY LLC convert to the LA LLC as a merged entity into the NY thereby holding the earliest date. 7a requires 2 years in business as one its requirements. Then convert the LLC to a corporation in NY for lower annual reporting rate. For yourself check with an accountant or lawyer.