Stewart Brown Jr – Mortgage Loan Originator – Purchase or Refinance

LOGO - STEWART BROWN JR ORIGINAL
NEXA Logo Header
Menu
Menu
Stewart Brown Jr - Logo
Menu
Stewart Brown Jr - Logo

What is an SBA (U.S. Small Business Administration) Loan?

Apply Now >

Book an appointment >

SBA loans can be a great way to get the funding you need to start or grow your business. SBA lenders offer a variety of loan products, each with its own terms and conditions. This article will help you understand the different SBA loan types available and how to choose the right one for your business.

The Small Business Administration (SBA) is a federal agency that provides lending and other support to small businesses. The SBA offers many loan programs, which are made through lenders who partner with the SBA. These loans are government-backed, meaning the SBA guarantees a portion of the loan to the lender in case you default. This guarantee makes it easier for lenders to approve small business loans. When looking for SBA financing, you need to be aware of the different loans offered by the SBA.

Let’s take a look at the nine following loan programs for business owners:
  • The SBA 7(a) loan program is the most popular type of SBA loan. These loans are available for various purposes, including working capital, expansion, equipment, and property. You can receive a maximum loan amount of $5 million, with repayment terms of up to 25 years.
  • SBA Express loans are smaller and quicker than traditional SBA 7(a) loans. They’re available for a loan amount up to $350,000 and are best for businesses that need fast funding and have strong credit histories.
  • SBA 504 loans are available for the purchase of fixed assets, such as real estate or equipment. They can be used for expansion, renovations, or new construction with loan amounts ranging from $125,000 to $20 million.
  • SBA microloans are small, short-term loans that are typically used for working capital or inventory. These loans are best for businesses that have strong credit and need smaller amounts of funding.
  • SBA disaster loans are available to businesses that have been affected by a declared disaster. Business physical disaster loans and economic injury disaster loans can be used for expenses such as repairs, replacement of equipment, and working capital.
  • SBA Community Advantage loans are available to businesses in underserved markets. These loans can be used for working capital, equipment, expansion, and property.
  • The SBA Export Working Capital loan program is specifically designed to help small businesses finance their international sales. These loans can be used to finance receivables, inventory, and other short-term working capital needs, and can be a vital source of funding for small businesses that are looking to grow their exports.
  • SBA Export Express loans offer quick financing for businesses that want to expand their operations by exporting goods or services. This program provides loans of up to $500,000, with terms of up to 12 months, for small businesses that need working capital to support their export activities.
  • SBA International Trade loans are available to businesses that are engaged in international trade. These loans can be used for a variety of purposes, including working capital, export financing, and the purchase of equipment and real estate.
    		•

    What is an SBA (U.S. Small Business Administration) Loan?

    Apply Now >

    Book an appointment >

    SBA loans can be a great way to get the funding you need to start or grow your business. SBA lenders offer a variety of loan products, each with its own terms and conditions. This article will help you understand the different SBA loan types available and how to choose the right one for your business.

    The Small Business Administration (SBA) is a federal agency that provides lending and other support to small businesses. The SBA offers many loan programs, which are made through lenders who partner with the SBA. These loans are government-backed, meaning the SBA guarantees a portion of the loan to the lender in case you default. This guarantee makes it easier for lenders to approve small business loans. When looking for SBA financing, you need to be aware of the different loans offered by the SBA.

    Let’s take a look at the nine following loan programs for business owners:
  • The SBA 7(a) loan program is the most popular type of SBA loan. These loans are available for various purposes, including working capital, expansion, equipment, and property. You can receive a maximum loan amount of $5 million, with repayment terms of up to 25 years.
  • SBA Express loans are smaller and quicker than traditional SBA 7(a) loans. They’re available for a loan amount up to $350,000 and are best for businesses that need fast funding and have strong credit histories.
  • SBA 504 loans are available for the purchase of fixed assets, such as real estate or equipment. They can be used for expansion, renovations, or new construction with loan amounts ranging from $125,000 to $20 million.
  • SBA microloans are small, short-term loans that are typically used for working capital or inventory. These loans are best for businesses that have strong credit and need smaller amounts of funding.
  • SBA disaster loans are available to businesses that have been affected by a declared disaster. Business physical disaster loans and economic injury disaster loans can be used for expenses such as repairs, replacement of equipment, and working capital.
  • SBA Community Advantage loans are available to businesses in underserved markets. These loans can be used for working capital, equipment, expansion, and property.
  • The SBA Export Working Capital loan program is specifically designed to help small businesses finance their international sales. These loans can be used to finance receivables, inventory, and other short-term working capital needs, and can be a vital source of funding for small businesses that are looking to grow their exports.
  • SBA Export Express loans offer quick financing for businesses that want to expand their operations by exporting goods or services. This program provides loans of up to $500,000, with terms of up to 12 months, for small businesses that need working capital to support their export activities.
  • SBA International Trade loans are available to businesses that are engaged in international trade. These loans can be used for a variety of purposes, including working capital, export financing, and the purchase of equipment and real estate.
    		•

    Reach out to me for further detailed information on SBA (U.S. Small Business Administration) loan programs. 

     

    Book an appointment >

    Guidelines for SBA (U.S. Small Business Administration) loans are subject to change when there are adjustments to government and lender policies, interest rate modifications, and fluctuations in the economy.

    Special Situations / Non-Traditional Loan Solutions

    Down Payment Assistance

    203K

    HUD 184

    High Balance

    Second

    Piggy Back

    40 Year Term

    All in One

    Bankruptcy & Foreclosure

    Texas 50(a)(6)

    Investor

    Non-Warrantable Condo

    Foreign National

    ITIN

    DACA

    One-Time Close Construction

    Construction

    Hard Money

    Fix N Flip

    DSCR

    Church

    Bank Statement

    Bridge / Cross Collateral

    Land / Lot Loan

    Farm / Ranch

    Hobby Farm

    Doctor / Physician Loan

    Close in LLC

    420 Income

    Leasehold

    Off Grid

    Condotel

    Self-Employed

    Down Payment Assistance - CALHFA

    No Income

    No Employment

    Stated Income

    100% FHA

    Puerto Rico

    Mexico

    No FICO

    Asset Depletion

    No Ratio

    HELOAN

    Super Jumbo

    Mixed Use Properties

    Up to 8 Units

    3/2/1 Temporary Buydown

    2/1 Temporary Buydown

    1/0 Buydown

    SBA

    Skip to content