SBA Loans Explained

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See SBA Loans Explained and how to apply in these videos.

The SBA 7(a) Loan Program helps finance start-up and existing small businesses when they can’t get financing from other sources or from a lender without an SBA guarantee. It’s SBA’s most popular loan program, offering flexibility, longer terms and potentially lower down payments compared to other financing options.

These loans are not funded by the SBA directly. Banks receive a guarantee that the SBA will repay a portion of the loan if the business defaults on payments. This lets small businesses get loan amounts to fund startup costs, equipment, inventory and working capital. 7(a) Loans may be used to start a new business or to acquire, expand, export or continue operating a current business.
You want to grow your business? The SBA 504 Loan Program provides small business owners with financing for major fixed assets such as real estate or equipment. 504 Loans may be used to purchase land and existing buildings, build a new facility, make improvements to your existing facility or purchase long-term machinery and equipment.

The SBA offers many programs related to financial assistance, loans, grants, disaster assistance and more. Go to Leveraging Information & Networks to Access Capital (LINC) to connect with prospective SBA lenders based on your specific business needs. See SBA Loan Programs for more SBA Loans. Contact your Local SBA District Office for lenders in your area.

Federal, state and local governments also offer a wide range of financing programs to help small businesses start and grow their operations. These programs include low-interest loans, venture capital and grants. Use the SBA’s Loans and Grants Search Tool to search financing programs for your business.

Go to SBA.gov for SBA loans start and grow your business.

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