Low-interest funding for new and existing businesses.
SBA loans may help you start or grow your business with loans that carry lower interest rates, low down payments and favorable terms. The SBA doesn’t make small business loans, though. Individual lenders make SBA loans, which are typically guaranteed in part by the U.S. Small Business Administration (SBA), a federal government agency.
What's the difference between an SBA Loan vs. an Online Business Loan?
When it comes to finding the best small business loan or financing for your business, there are a lot of factors to consider. Interest rates, quick funding options, how much you need, and the qualifications you have are all factors to think about before applying for business financing. This video compares two common options to help you understand the pros and cons of each and determine which would be better for your business.
Types of SBA Loans
There are many different types of SBA loans programs out there, with three programs being the most popular:
The 7(a) Loan Program
The Microloan Program
The CDC/504 Loan Program