SBA loan - disclose OLD felony conviction? My partner and I are applying for an SBA loan ($425K)

My partner and I are applying for an SBA loan ($425K) to purchase an existing business. My partner had a felony conviction surrounded by the state of Washington, where we're applying for the loan, nearly 18 years ago. Does the SBA routinely run surroundings checks for loans? (are we better off explaining it up front, or hoping they don't find out and playing dumb if they do?) We can't start the process to hold it removed from his record for another two years... my partner be barely 18 when convicted, and the conviction didn't hold anything to do with misuse, etc.

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Of course they'll do environment checks - it's called "due dillgence".

Say something in a minute, and include the 18 years ago part. It doesn't situation what the conviction was for. What does concern is that he did the time, and presumably has be a law-abiding citizen since. Be absolutely honest.

Answer:
Sometimes you get lucky and they ask something like felony convictions in the later 10 years. But if they ask if you've ever had a felony conviction you hold to be honest. If you are not, you can get busted for fraudulent statements on your application.
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