SBA Lending Overview for Small Businesses - In Person

What Lenders look for in Underwriting a loan
 
Overview of SBA Loan Programs:

7a Loan Program - PRIMARY LOAN PROGRAM
7a Small Loan
Community Advantage Small Business Lending
SBA Express Loan Program
504 Loan Program - PRIMARY LOAN PROGRAM
Microloan Program
Very Brief Discussion on Doing Business with the Federal Government (Contracting)
 
What is the 7a Loan Program?
7a Standard - loans from $500,000 - $5,000,000
7a Small Loans - loans up to $500,000 - Loans are Credit Scored
The 7(a) Loan Program, SBA’s most common loan program, includes financial help for small businesses with special requirements such as:

• Short- and long-term working capital
• Refinance current business debt
• Purchase real estate, furniture, fixtures, and supplies

The maximum loan amount for a 7(a) loan is $5 million. Key eligibility factors are based on what the business does to receive its income, its credit history, and where the business operates. Your lender will help you figure out which type of loan is best suited for your needs.

What is the 504-loan program?
The CDC/504 Loan Program provides long-term, fixed rate financing for major fixed assets that promote business growth and job creation.

504 loans are available through Certified Development Companies (CDCs), SBA's community-based partners who regulate nonprofits and promote economic development within their communities. CDCs are certified and regulated by the SBA.

The maximum loan amount for a 504 loan is $5 million. For certain energy projects, the borrower can receive a 504 loan for up to $5.5 million per project, for up to three projects not to exceed $16.5 million total.