SBA Loan Programs

The SBA offers numerous programs to assist entrepreneurs with starting, managing, and growing their businesses. SBA loan options include:

SBA Express Program

  • Ideal for businesses that may not meet conventional lending requirements
  • Flexible repayment options and longer terms than traditional loans
  • Borrow up to $350,000*
  • Fast turnaround
  • Use the funds for working capital, equipment, inventory, or real estate purchases, or to expand facilities

SBA Patriot Express Pilot Loan

  • Loans for businesses owned by veterans, members of the military community, and spouses of these groups
  • Smaller credit requests, allowing expedited and streamlined application process
  • Line of credit or term loan up to $500,000
  • Borrower must supply a DD214 form and, if a spouse, proof of current marital status

7(a) Regular Business Loans

  • Ideal for businesses that may not meet the conventional lending collateral or cash flow requirements
  • Often provide longer terms than conventional lending
  • SBA guarantee limited to $1.5 million, $5 million maximum on the loan amount

504 Development Company Loans

  • Ideal for businesses able to create or retain one job for every $65,000 financed or meet certain public policy goals
  • Provides growing businesses with long-term financing for purchasing land, constructing new buildings, expanding facilities, or purchasing long-term machinery and equipment
  • No working capital permitted
  • Maximum 504 debentures sizes: $5 million for regular loans; $5 million for public policy loans; $5.5 million for small manufacturer loans
For more information, see Key's Quick Reference to SBA Loan Guaranty Programs (PDF).