Ultimate Guide to Small Business SBA Loans

Understanding SBA Loan Programs

by Daniel Rung and Matthew Rung

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The Small Business Administration (SBA) offers a variety of loan programs designed to meet the diverse needs of small businesses across the United States. These programs provide access to capital that might otherwise be unavailable through conventional lending channels. Understanding the different SBA loan programs is crucial for small business owners seeking financing, as each program has its own specific purpose, eligibility requirements, and terms. In this section, we’ll explore the various SBA loan programs, including the popular 7(a) loan program and its specialized offerings, the CDC/504 loan program, and other targeted financing options. By familiarizing yourself with these programs, you’ll be better equipped to choose the right SBA loan for your business’s unique situation and goals.

The loan programs fall into the following categories:

  • 7(a) Loan Programs:
    • 7(a) Loan Program Standard
    • 7(a) Loan Program Small
    • 7(a) Loan Program Express
    • 7(a) Loan Program Community Advantage
  • Export-Oriented 7(a) Programs:
    • 7(a) Loan Program Export Express
    • 7(a) Loan Program Export Working Capital
    • 7(a) Loan Program International Trade
  • 7(a) CAPLines Programs:
    • 7(a) Loan Program Seasonal CAPLines
    • 7(a) Loan Program Contract CAPLines
    • 7(a) Loan Program Builders CAPLines
    • 7(a) Loan Program Working CAPLines
  • 504 CDC Loan Programs:
    • 504 CDC Standard Loan Program
    • 504 CDC Refinancing Loan Program
    • 504 CDC Green Loan Program
  • Microloan Program
  • Surety Bond Guaranty Program
  • Veterans Programs:
    • SBA Veterans Advantage Guaranteed Loans
    • SBA Veterans Advantage Fee Relief
  • Disaster Loan Programs:
    • SBA Disaster Loans Physical Damage
    • SBA Disaster Loans Mitigation Assistance
    • SBA Disaster Loans Economic Injury Disaster Loans (EIDL)
    • SBA Disaster Loans Military Reservist Loan
  • Investment and Innovation Programs:
    • SBA SBIC Investment Capital
    • SBA Grant Small Business Innovation Research (SBIR)
    • SBA Grant Small Business Technology Transfer (STTR)
  • Community and Trade Programs:
    • SBA Grant Community Organizations
    • SBA Grant State Trade Expansion Program (STEP)