SBA Loan Programs

7(a) Loan Program

The SBA's primary program for providing financial assistance

  • Up to $5 million
  • Working capital
  • Equipment purchase
  • Debt refinancing

504 Loan Program

Long-term financing for major fixed assets

  • Real estate purchase
  • Building construction
  • Equipment financing
  • Fixed assets

Microloan Program

Small, short-term loans for new businesses

  • Up to $50,000
  • Working capital
  • Inventory purchase
  • Supplies & equipment

General Requirements

Business Requirements

  • For-profit business
  • U.S.-based operations
  • Owner investment
  • Alternative funding exhausted

Documentation Needed

  • Business plan
  • Financial statements
  • Tax returns
  • Collateral documentation

Application Process

1. Preparation

Gather required documents and prepare business plan

2. Find a Lender

Connect with SBA-approved lending partners

3. Submit Application

Complete and submit loan application package

4. Underwriting

Lender review and decision process

5. Closing

Loan approval and fund disbursement

Need Help with Your Application?

Connect with an SBA resource partner for free business counseling

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