Small Business Administration 7(A) provides loans to businesses; so the requirements of eligibility are based on specific aspects of the business and its principals. If you are awarded a 7(a) loan, the loan proceeds may be used to establish a new business or to assist in the acquisition, operation, or expansion of an existing business.
Small Business Administration 504 provides loans to businesses; so the requirements of eligibility are based on specific aspects of the business and its principals. The CDC/504 Loan Program provides financing for major fixed assets such as equipment or real estate. To be considered for a Certified Development Company/504 loan, applicants must meet certain eligibility requirements. From starting up or expanding your business to recovering from disasters, SBA loan programs are available to help your business succeed.
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