SBA Loan Programs
What is an SBA Loan?
SBA loans are business loans guaranteed by the Small Business Administration. With their multiple SBA funding programs, this government agency provides SBA loan guarantees of up to 90% of the loan amount provided through an SBA-approved lender—typically banks. The three main SBA loan programs let you borrow money for nearly any business purpose—including working capital, purchasing inventory or equipment, refinancing other debts, or buying real estate—through these SBA-guaranteed loans.
The Small Business Administration (SBA) is a government entity that partially guarantees traditional bank loans (between 50%-85% of the loan amount) to lower lender risk and reduce interest rates on loans up to $5 million in value. These loans require a fair amount of time – and paperwork – for approval, accounting for 12% of all business loans by dollar volume.
7(a): 7(a) loans are the most common type of business loan guaranteed by the SBA covering a broad range of collateral and business types.
CDC/504: CDC/504 covers real estate and equipment loans.
SBA Express: The SBA can expedite the borrowing process for a higher premium on smaller loan amounts (under $350,000).
CAPLines: SBA’s CAPLines program helps small businesses borrow for short-term and cyclical working capital needs.
International Trade Loans: The International Trade Loan offers loans up to $5 million for fixed assets and working capital for exporting businesses from small to mid-sized.
Contact us today for more information and one of our consultants can go over your options with you.
We look forward to working with you, making your business more prosperous and providing funding options that work for you.
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