- Patriot Express Loan – This loan has been created for small businesses that are majority owned by veterans or currently active members of the military.
- SBA Express – This 7a SBA Loan subprogram is deigned to provide borrowers with fast decisions regarding their application. The typical turnaround time is a day and a half.
- Community Express Loans – For this 7a SBA Loan, the Small Business Administration focuses on providing capital to entrepreneurs that provide goods and services to rural and underserved communities. The SBA maintains a specific list of communities for which these business loans apply.
- Export Loan Programs – This program is not a loan but rather a line of credit. Companies that deal extensively with the import and export markets can acquire lines of credit of up to $250,000 through this aspect of the 7a SBA loan program. These credit facilities often carry guarantees of up to 90% of the borrowed amount.
- International Trade Loan Program – Unlike the export loan program, the international trade loan program is designed to provide specialized international business companies with up to $2,000,000 of capital. This loan has several covenants attached to its usage.
As we can see again, the number of variations available with 7a SBA loans allows small business borrowers to have a tremendous of usage of the debt funds while being able to acquire capital for projects that a majority of lenders would normally not accept.
7aSBALoan.com is a specialty website that provides content that focuses on the needs of small business owners and people seeking SBA 7a Loans. We encourage you to visit our website if you are looking for a 7a SBA business loan.
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