COMMON SBA LOAN TYPES
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Last Update 4 maanden geleden
1️⃣ SBA 7(a) Loan
Most popular SBA loan.
Used for:
Loan size: Up to $5 million.
2️⃣ SBA 504 Loan
Used primarily for:
Typically structured:
3️⃣ SBA Microloan
Smaller loan amounts (typically under $50,000).
Most popular SBA loan.
Used for:
- Working capital
- Equipment
- Business acquisition
- Real estate
- Refinancing debt
Loan size: Up to $5 million.
2️⃣ SBA 504 Loan
Used primarily for:
- Commercial real estate
- Major equipment
Typically structured:
- Bank portion
- SBA portion
- Borrower down payment
3️⃣ SBA Microloan
Smaller loan amounts (typically under $50,000).