U.S Small Business Administration SBA implemented changes affecting small businesses.

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    Which SBA-guaranteed loan program is best for your business

    The U.S. Small Business Administration (SBA) helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need.

    SBA Presentation

    Loans for borrowers

    7(a) loans

    7(a) loans

    7(a) loans

    SBA's primary program for providing long-term financing for a variety of purposes. 7(a) loans are delivered by SBA 7(a) lenders.

    Details

    504 loans

    7(a) loans

    7(a) loans

    Designed for financing major fixed assets such as commercial real estate or equipment.

    Details

    Microloans

    7(a) loans

    SBA Disaster Loan Program

    Loans of $50,000 or less to help businesses and certain non-profit childcare centers. Microloans are provided by intermediary lenders.

    SBA Disaster Loan Program

    Economic Injury Disaster Loan (EIDL)

    SBA Disaster Loan Program

    MAX $2 million

    For businesses affected by declared disasters (physical damage or economic injury)

    Economic Injury Disaster Loan (EIDL)

    Economic Injury Disaster Loan (EIDL)

    Economic Injury Disaster Loan (EIDL)

    MAX $2 million

    Working capital loans for disaster-affected businesses

    SBA Community Advantage Loan

    Economic Injury Disaster Loan (EIDL)

    Economic Injury Disaster Loan (EIDL)

    MAX $350,000

    Pilot program for underserved markets (separate from core 7(a), though related)

    SBA Surety Bond Guarantee Program

    Program Paycheck Protection Program (PPP) (closed)

    SBA Surety Bond Guarantee Program

    Varies (N/A)

    Guarantees bonds for small contractors who can’t get bonded conventionally

    SBA SBIC Program (Debentures)

    Program Paycheck Protection Program (PPP) (closed)

    SBA Surety Bond Guarantee Program

    Varies (typically $5–50M)

    For investment funds (not direct to small businesses) through licensed SBICs

    Program Paycheck Protection Program (PPP) (closed)

    Program Paycheck Protection Program (PPP) (closed)

    Program Paycheck Protection Program (PPP) (closed)

    COVID-19 relief loans (forgivable); closed as of 2021

    Recent SBA changes

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