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SBA & Government Loan Programs

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Advantages
Table Heading Row Advantages
Basic 7(a) Loans

The SBA 7(a) loan program is for general small business loans. Its popularity stems from the wide variety of uses for funds, including establishing a startup or new business; expanding an existing one; or refinancing to acquiring real estate, equipment, or other business acquisitions. Loan amounts can be up to $5,000,000.

SBA Express Loans

These loans work well for businesses that need a revolving line of credit. They offer a quick funding process, with an expedited review process requiring less paperwork, and provide businesses with credit up to $350,000. Funds can be used for startup, expansion, inventory, fixed assets, debt consolidation, or working capital. These loans may be structured as a line of credit or a term loan.

Certified Development Company/504 Loans

504 loans provide financing for fixed assets that help your business modernize and expand. It offers long-term, fixed-rate financing for the acquisition of major business assets like real estate, buildings, equipment, and machinery. They offer a low down payment that’s typically 10%; a competitive fixed-rate; and a 20-year term for real estate or 10 years for equipment. These loans are typically secured with a Certified Development Company.

 
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