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Fund Your Business with Help from the Small Business Administration


If you’re looking to grow your existing business, purchase a new business, or even start your own, a loan backed by the U.S. Small Business Administration (SBA) may be a good choice. SBA loans allow banks to offer terms beyond their traditional offerings. A banker specializing in this area can help you to better understand your options. To prepare you for that initial conversation, we’re providing a brief overview.

Qualifying for an SBA loan

The SBA does not lend money directly, but instead provides guidelines and guarantees to lenders to help reduce their risk. That in turn enables lenders to offer longer repayment terms, alternate collateral requirements, lower down payments, and other benefits to small businesses.

Below are some considerations that come into play with SBA loans.

Funds from an SBA loan can be used to achieve a number of goals: to finance working capital, machinery and equipment, furniture and fixtures, purchase of land and building including construction and renovation, business acquisition and refinance of existing debt. When you are looking to finance any of these needs, a lender can help match you with the most appropriate SBA option.

Types of SBA loans

While the bank will help to select the type of loan that meets the needs of a company like yours, here’s some key information on each loan type:

SBA loans may be a great option to help finance your business growth

Whether you’re looking for short or long-term financing, funds for working capital, inventory, commercial real estate or more, an SBA loan may help provide the structure needed to help you purchase, manage or expand your business. 

Ready to learn more? We’re here to help. Contact us today to discuss your business. Learn more at