We are approved to broker to a special SBA lender who is able to close before the SBA is complete, saving about half the time on the lengthy process. There are two main SBA loan types for “small businesses”:
7(a) inexpensive financing that can be used for long or short term working capital, inventory, purchasing equipment, FF&E, receivables, purchasing real estate, land or buildings, even paying off expensive debt.
All of these loans are to help a business expand. The max loan amount is $5MM.