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Types of SBA Loans

Depending on the needs of your small business, the Small Business Administration has several options to provide you with access to the financing you need to expand and grow your business. 

SBA 7(a) Loans

    The 7(a) loan program is the Small Business Administration's (SBA) primary program for providing financial assistance to small businesses. The terms and conditions, like the guaranty percentage and loan amount, may vary by the type of loan. The maximum loan amount is $5 million with a maximum SBA guarantee percentage of 85% for loans up to $150k and 75% for loans greater than $150k.

CDC/SBA 504 Loans

    The 504 Loan Program provides approved small businesses with long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization. 504 loans are made available through Certified Development Companies (CDC's), SBA's community-based partners for providing 504 Loans.

SBA CAPLines Lines of Credit

    CAPLines is an umbrella program that helps small businesses meet their short-term and cyclical working-capital needs. It features four lines. With the exception of the Builders CAPLine, the maximum maturity on a CAPLine loan is 10 years. Builders CAPLine loans must not exceed 5 years. Holders of at lease 20% ownership in the applicant business are required to guarantee the loan.

SBA Export Loans

    The Export Express program provides exporters and lenders a streamlined method to obtain SBA-backed financing for loans and lines of credit up to $500,000. Lenders use their own credit decision process and loan documentation. The SBA will respond to your application with 24 hours.

 

When you meet with our SBA team, we'll walk you through all of your SBA loan options to find the best one for your needs.