Financial Assistance
The Small Business Administration (SBA)
Government, Banks And Entrepreneurs Working Together
The Small Business Administration's prime directive is supporting small businesses. The SBA's most
504 Loans
The 504 Program provides growing businesses with long-term, fixed-rate financing for major fixed assets such as land and buildings. Typically, a 504 project includes a loan secured with a senior lien from a
7(a) Loans
The 7(a) is the most basic SBA business loan. The "7" and "a" refer to section 7(a) of the Small Business Act, which authorizes the SBA to provide loans. 7(a) loans are "guaranty only," which means they are provided by lenders who agree to structure their loans according to SBA's requirements. In turn these lenders receive a guaranty from SBA on a portion of each loan.
Industrial Development Bonds (IDBs)
Industrial Development Bonds (IDBs) are securities issued by State, certain governmental agencies or authorities, local government, or a development corporation. The proceeds are used to finance the construction of industrial plants or purchase of equipment, and expansion or relocation of qualifying manufacturing facilities.
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