Two of the most common types of SBA loans are called 504 loans and 7(a) loans. While SBA loans have a higher maximum loan amount, 7(a) loans have a wider variety of potential uses. SBA 504 loans ...

Additionally, the SBA said it wants to reduce barriers to its 504 loan program, which offers loans through a community development corporation to purchase or construct buildings or new facilities ...

“[In February of 2024], the SBA expanded eligibility for the Hardship Accommodation Plan,” explained Mark Valentino ... the type of bankruptcy filed and whether the borrower personally guaranteed the ...

An SBA loan program that provides long-term, fixed-rate loans of up to $1 million for financing fixed assets, such as land and buildings CDC-504 loans are one of several loan programs offered by ...

Loan Purpose Some SBA loans can only be used for specific purposes, although this can also be the case for conventional business loans. Either way, understanding why you need to borrow money could ...