WHAT IS A SBA LOAN?
A loan guaranteed by the Small Business Administration, an agency of the Federal Government
TWO TYPES OF SBA LOANS
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
Working capital and inventory