SBA LOAN
Introduction
When your business needs reliable funding with flexible terms, SBA loans offer one of the best solutions. These government-backed programs provide low interest rates, longer repayment terms, and smaller down payments — making funding more accessible for small businesses. Whether you’re looking to expand, purchase real estate, or refinance existing debt, SBA loans are designed to help your business grow.
What Is an SBA Loan?
An SBA loan is issued by an approved lender and partially guaranteed by the Small Business Administration. This guarantee reduces lender risk and allows borrowers to qualify with better terms — even if they lack long credit history or collateral. Funds can be used for working capital, inventory, equipment, or property purchases.
Main SBA Loan Programs
- 7(a) Loan Program: Up to $5 million for working capital, expansion, or equipment.
- 504 Loan Program: Long-term, fixed-rate financing for real estate or major assets.
- Microloan Program: Up to $50,000 for short-term capital or small purchases.
- Disaster Loans: Aid for businesses recovering from declared disasters.
- SBA Express Loans: Up to $500,000 with a quick turnaround (usually within 36 hours).
Eligibility
To qualify, your business must:
- Operate for profit in the U.S.
- Meet SBA size standards.
- Have invested personal time or funds.
- Lack access to other reasonable financing.
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