Small Business Administration (SBA) loans can offer a wide array of lending options for owner-operated and managed for-profit businesses. SBA loans can help provide business funding to a variety of industries such as manufacturing, wholesale, retail, and service.

Bernie Dandridge

Bernie Dandridge

SBA/USDA Business Development Specialist 

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Man in Warehouse

SBA 7(a) Loan

As a business owner, your role in our economy is vital. SBA 7(a) loans are the most widely used SBA loans and can provide borrowers a more flexible loan structure with longer repayment periods and lower down payments. For an SBA loan a business must be defined as a "small business" by the SBA and be operating for a profit within the U.S. or its possessions.

A 7(a) loan is best for:

  • Business acquisition
  • Equipment financing
  • Commercial real estate
  • Leasehold improvements
  • Inventory
  • Debt restructuring
  • Working capital
Woman business owner

SBA 504 Loan

An SBA 504 loan is used for commercial real estate financing for owner-occupied properties. Additionally businesses can use a 504 loan to finance equipment and other fixed assets, such as fixtures, furnishings and machinery, in conjunction with purchasing real estate property.

 A 504 loan is best for:

  • Financing for larger real estate projects
  • Land acquisition and ground-up construction
  • Expansion of an existing building
  • Building improvements
  • Fixed asset purchases
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Overcoming 8 Common Challenges with SBA Loans

Answers to some of the most common questions about SBA loans.

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