SBA loan programs help small businesses which fail to secure loans on reasonable terms from other lenders. These SBA loan programs are run with loans granted by private-sector lenders and guaranteed by SBA. Many banks and credit unions which are familiar with SBA loan programs help applicants in the SBA loan application process. Here is brief description of SBA loan programs through funding from the U.S. Small business Association (SBA).

7(a) Loan Guaranty Program:

It is SBA’s primary loan program that offers loans up to $2,000,000.

Certified Development Company, 504 Loan Program:

This SBA loan program provides fixed-rate, long-term financing for acquisition of real estate, or equipment and machinery for modernization or expansion. It covers up to 40% of total cost and requires contribution of minimum 10% equity from loan borrower.

Microloan Program:

This SBA loan program offers up to $35,000 to newly started, or start-up, or growing small business companies. Loans are arranged with the help of non-profit community based lenders. Loan process takes place at local level.

Disaster Recovery Loans:

If your business is located in a disaster declared area, and suffered from disaster, you can apply to U.S. Small Business Administration for a loan.

America’s Recovery Capital Loan Program (ARC):

This program provides loans up to $35,000 as short-term relief to help ride out present economic condition and return to profitability. Each company is entitled to only one ARC loan. Detailed information about SBA loan programs can be obtained from SBA website.