SBA Loans Overview
SBA Micro Loan
Ideal for borrowers who can't qualify for a traditional loan.
Elgibility: Credit score of 560 or higher and business must show profit.
*Funding Amounts: $5,000-$250,000
SBA 504 Real Estate Loan
Primary Purpose: Commercial Real EstateLoan Require Participation of a bank, SBA, and CDC
Funding Amount: $200,000-$5 Million
SBA 7A Loan
This SBA's signature loan, which most other loan programs such as micro loans are funded under.
*Funding Amount: $50,000-$5M
It is the simplest export loan product offered by the SBA.Loan proceeds may be used to enhance a company's export development, participate in foreign trade shows, support standby letters of credit and translate product literature for use in foreign markets, to finance specific export orders, expand production facilities, and purchase equipment inventory or real estate.
*Funding Amount: Up to $500,000
Export Working Capital Program
You can apply for EWCP loans before finalizing an export sale or contract. With an approved EWCP loan in place, you have greater flexibility in negotiating export payment terms. However, disbursements can only be made against firm purchase orders from a foreign buyer or to support foreign accounts receivable. .*Funding Amount: Up to $5,000,000
Business Line of Credit (BLOC)
This is a line of credit for For-Profit businesses seeking short-term funding. Funds are disbursed as needed (like a credit card). Rates are variable with a three-year term (can be renewed).Elgibility:
*Funding Amount: $10,000-$3M