Search and browse the full SBA Q&A center for answers about loan programs, interest rates, terms, requirements, credit, down payments, loan uses, and industry-specific financing.
Showing 75 SBA questions.
To qualify for an SBA loan, a business generally needs eligible operations, repayment ability, acceptable credit, and a valid use of funds.
SBA 7(a) loans are flexible business loans that may be used for working capital, acquisitions, equipment, refinancing, and real estate.
SBA 504 loans are designed for owner-occupied real estate and major fixed asset financing with long-term repayment.
SBA Express loans offer smaller loan amounts, often up to $500,000, with a streamlined process and potentially faster decisions.
SBA Microloans provide smaller loans, generally up to $50,000, through nonprofit intermediary lenders.
SBA CAPLines are SBA-backed working capital lines designed for eligible short-term, seasonal, contract, or builder needs.
EIDL loans are disaster-related working capital loans designed to help businesses recover from economic injury.
SBA loans can be used to buy a business, including acquisitions, partner buyouts, and ownership transfers.
SBA loans may be used to start a business if the borrower has strong credit, liquidity, experience, and a credible business plan.
SBA loans may be used to buy or start a franchise, including franchise fees, build-out, equipment, and working capital.
SBA loans may be used for working capital to cover payroll, inventory, marketing, and operating expenses.
SBA loans may be used for equipment purchases, refinancing, or replacing older equipment needed for business operations.
SBA loans may refinance eligible business debt if the refinance improves cash flow or strengthens the business position.
SBA loans may be used for partner buyouts when the business has repayment ability and the transaction is properly structured.
SBA loans may support business expansion through working capital, equipment, hiring, build-out, acquisitions, or real estate.
SBA loans may finance owner-occupied commercial real estate, often with up to 90% financing in eligible structures.
SBA real estate usually requires owner occupancy, often 51% for existing buildings and 60% initially for new construction.
SBA loans generally cannot be used for pure investment property, but mixed-use owner-occupied properties may qualify.
SBA loans usually cannot finance pure rental property, but owner-occupied mixed-use property may qualify under occupancy rules.
SBA loans may be used to buy land when the land is tied to an eligible owner-occupied business project.
Have an SBA loan scenario to review? Market Direct Capital can help evaluate structure, eligibility, and next steps.
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