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SBA Loan Insurance Information

The primary types of SBA loan programs with associated loan guarantees include:

  1. 7(a) Loan Guarantee Program:
    • The SBA’s flagship program that provides loan guarantees to small businesses for various purposes, including working capital, equipment purchase, real estate acquisition, and more.
    • The SBA guarantees a percentage of the loan amount, reducing the risk for lenders and making it easier for small businesses to access capital.
  2. 504 Certified Development Company (CDC) Loan Program:
    • Focuses on providing financing for fixed assets such as real estate and equipment.
    • Involves a partnership between a Certified Development Company, a lender, and the borrower.
  3. Microloan Program:
    • Provides small loans (up to $50,000) to small businesses through nonprofit community-based organizations.
    • Designed to assist with working capital, inventory, equipment purchase, or other needs.
  4. Express Loan Programs:
    • Offers streamlined processes for small loans (up to $350,000) to provide faster access to funds.

LIC# 0k85705

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