WHAT IS A SBA LOAN?
A loan guaranteed by the Small Business Administration, an agency of the Federal Government
TWO TYPES OF SBA LOANS
7(a) Loan
504 Loan
SBA 504 Loan is for Real Estate Purchase and Construction
A 504 loan consists of a bank 1st deed of trust and a SBA 504 debenture in second trust deed position
A SBA 7(a) loan is one loan made by a bank and guaranteed by the SBA.
A SBA 7(a) loan can be used for:
Real estate purchase
Real estate debt refinance
Business debt refinance
Equipment purchase
Working capital and inventory
Business acquisition
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