Are you a small business owner looking for funding? The U.S. Small Business Administration (SBA) offers loans and grants to help you grow your business and succeed. SBA provides resources to help you start and expand your business.
The SBA helps small businesses get funding by setting loan guidelines and reducing risk. The following SBA loans make it easier for small businesses to get funding. To explore more, visit the SBA Loans page.
The 7(a) Loan Program is SBA’s most common loan program. It includes financial help for small businesses that are eligible. This a great loan option when real estate is part of a business purchase, but it can also be for:
The maximum loan amount for a 7(a) loan is $5 million. Key eligibility factors are based on the business type, credit history, size, and location.
For more information on eligibility, loan usage, and application steps visit SBA’s 7(a) Loan page.
The 504 Loan Program provides long-term financing for economic development. This program offers fixed rate financing for assets like equipment or real estate that promote growth and job creation.
To be eligible for a 504 loan, your business must:
The maximum loan amount for a 504 loan is $5 million. Check out SBA’s 504 Loans page for more information on loan usage, terms, and how to apply.
Hit with an unexpected disaster? SBA provides low-interest disaster loans to help businesses and homeowners recover from declared disasters. Below are two disaster loans to help your business get back on its feet:
The Economic Injury Disaster Loan offers help for the repair and rebuilding of private sector disaster losses. Businesses must be located in a declared disaster area and have suffered significant economic injury.
You can learn more about loan terms and uses on SBA’S EIDL Program page.
SBA offers low-interest disaster loans to homeowners and small businesses impacted by declared natural and other disasters.