SBA Lending and Contracting Overview for Small Businesses

Sessions:

• PPP Direct Forgiveness
• COVID-19 EIDL Loans
• Contracting or Doing Business with the Federal Government
• What Lenders look for in Underwriting a loan
• Overview of SBA Loan Programs:
  • 7a Loan Program - PRIMARY LOAN PROGRAM
  • 504 Loan Program - PRIMARY LOAN PROGRAM
  • Microloan Program

What is the 7a Loan Program?

• 7a Standard - loans from $500,000 - $5,000,000
• 7a Small Loans - loans up to $500,000 - Loans are Credit Scored 
• SBA Express Loans
• Veterans Advantage Loans
• Community Advantage Loans - Up to $350,000 For Underserved Markets

The 7(a) Loan Program, SBA’s most common loan program, includes financial help for small businesses with special requirements such as:

• Short- and long-term working capital
• Refinance current business debt
• Purchase real estate, furniture, fixtures, and supplies

The maximum loan amount for a 7(a) loan is $5 million. Key eligibility factors are based on what the business does to receive its income, its credit history, and where the business operates. Your lender will help you figure out which type of loan is best suited for your needs.

What is the 504-loan program?

The CDC/504 Loan Program provides long-term, fixed rate financing for major fixed assets that promote business growth and job creation.

504 loans are available through Certified Development Companies (CDCs), SBA's community-based partners who regulate nonprofits and promote economic development within their communities. CDCs are certified and regulated by the SBA.

The maximum loan amount for a 504 loan is $5 million. For certain energy projects, the borrower can receive a 504 loan for up to $5.5 million per project, for up to three projects not to exceed $16.5 million total.

Doing Business with the Federal Government - Example of Topics to be discussed:

• Set-Aside for Certification Programs and Socio-Economic Categories
• Update of Apply for Multiple Certifications in one location
• Government Spending Open Data
• Acquisition
  • Procurement Forecast
  • Business Opportunities