Government loans from the SBA (Small Business Administration) can be used for most business purposes
- The purchase of real estate to house the business
- Construction, renovation or leasehold improvements
- To purchase furniture, fixtures, machinery, or equipment
- For the flooring of inventory and for working capital.
Government Loans are provided by the government to assist small businesses because they realize that they are the backbone of this country. The SBA (Small Business Administration) is part of the government, and they have programs to help businesses get approved for financing. With one of their programs, they will guarantee part of the loan with the lender, so it increases the likelihood that you will get approved. We give you several options to look over below.
| Capital Type | Capital Type Definition |
|---|---|
| 7A: SBA Loan Guaranty | Loans to small businesses from private-sector lenders (banks, etc.) which are guaranteed by the SBA. The SBA has no funds for direct lending. |
| Certified Development SBA 504 | Loans to small businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. CDCs work with the SBA and private-sector lenders to provide the financing. |
| Federal Export Assistance Loans | Export financing of U.S. goods and services through a variety of loans, guarantees, and insurance programs. (Ex-Im Bank Programs) |
| Micro Loans | $5,000 to $35,000 small business loans that can be used for any business purpose. |