Financing

Get Street Map & Driving Directions to Local SBA Financing Resources

Small Business Investment Companies

The Small Business Investment Company (SBIC) program. SBICs, licensed by the Small Business Administration, are privately organized and privately managed investment firms. They are participants in a vital partnership between government and the private sector economy. With their own capital and with funds borrowed at favorable rates through the Federal Government, SBICs provide venture capital to small independent businesses, both new and already established.

Certified Development Companies

The 504 Certified Development Company (CDC) Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. A Certified Development Company is a nonprofit corporation set up to contribute to the economic development of its community or region. CDCs work with the SBA and private-sector lenders to provide financing to small businesses. There are about 290 CDCs nationwide. Each CDC covers a specific area.

List of Participating Lenders

The most active and expert lenders qualify for the SBA's Certified and Preferred Lenders Program. Participants are delegated partial or full authority to approve loans, which results in faster service.

Preferred lenders are chosen from among the SBA's best lenders and enjoy full delegation of lending authority.

Certified lenders are those who have been heavily involved in regular SBA loan-guaranty processing and have met certain other criteria. They receive a partial delegation of authority and are given a three-day turnaround by the SBA on their applications (they may also use regular SBA loan processing). Certified lenders account for nearly a third of all SBA business loan guaranties.

SBAExpress relies completely on the lender's credit analysis, forms and procedures to apply SBA guarantees to a loan without prior credit approval from SBA. In return for this flexibility, participating lenders agree to accept a maximum loan guarantee of 50%. The maximum loan amount is $250,000.

SBA Women's Prequalification Loans

The SBA Women's Prequalification loan program was developed to promote the SBA's business loan program to current and prospective women small business owners. This program uses nonprofit organizations as intermediaries to assist prospective women borrowers in developing a viable loan-application package.

Approved Microloan Participants

The MicroLoan Program was developed to increase the availability of very small loans to prospective small business borrowers. Under this program, the SBA makes funds available to nonprofit intermediaries, who in turn make loans to eligible borrowers in amounts that range from under $100 to a maximum of $35,000. The average loan size is $10,000. Completed applications can usually be processed by the intermediary in less than one week.

Also see:

Financing Your Business

SBA Loan Programs