SBA 7 (a) loan program
The SBA 7(a) loan
is the main SBA loan program, often synonymous with “SBA loans.” It supports nearly any business need, from expansion and working capital to equipment, debt refinancing, inventory, or starting a business.
Key 7(a) loan types:
Standard 7(a):Up to $5 million, terms of up to 25 years for real estate, 10 years for equipment.7(a) Small Loan:Up to $350,000; collateral required for loans over $25,000.SBA Express:Up to $500,000 with 36-hour approval.
CAPLines
support seasonal or contract-based needs, with options for seasonal expenses, construction projects, and short-term working capital.
Community Advantage
loans are issued by nonprofits for underserved businesses, offering up to $250,000 with terms up to 25 years.
SBA 504/CDC loans
The SBA 504 loan
program partners the SBA with private lenders and Certified Development Companies (CDCs) to offer long-term loans of up to $5.5 million. These loans are specifically for major investments, like real estate or large equipment purchases.
504 loans have fixed interest rates, which fluctuate based on the current market rate of five- and 10-year U.S. Treasury bonds.
Microloans
SBA microloans, provided through nonprofit lenders, offer up to $50,000 with a maximum term of six years. These loans cannot be used for real estate purchases.
Equipment Financing🚛
Real Estate Financing🏢
Credit Card Stacking💳
