Small Business Administration Loans are offered to small business owners who do not qualify for traditional bank loans. These loans are granted for a variety of business purposes, including operating expenses, expansion of the business or recovering from disaster etc. A set of SBA requirement has to be met by the business owner before the loan can be granted.
The commonly requested SBA loans include the following:
  • Loans for starting, acquiring and expanding a small business
  • Long term, fixed rate loans for major fixed assets such as building and equipment
  • Microloans for growing small business concerns
  • Disaster assistance loan to assist businesses which were victims of disasters
  • Economy injury loans to assist businesses, agricultural cooperatives as well as nonprofit organization to recover from economic loss
  • Working capital granted to business that can generate sales but require additional capital
  • Special purpose loans such as pollution control loans which help small businesses to plan and install pollution control facility and more