SBA financing

Small businesses sometimes need a little financial help. Whether you are looking to help with your day-to-day expenses or you are looking to invest in growing your business, an SBA business loan might be a good option. The SBA 504 and the SBA 7a are small business loans that might help your financial portfolio.

What Are SBA 504 vs. 7A Loans?

Let's compare the differences and similarities between an SBA 504 vs. 7A loan below.

SBA 504 Loans

An SBA 504 loan is given to business owners seeking to purchase or improve their existing assets. These assets can include land, buildings, or company equipment.

The business owner's motivation is taken into account when being considered for this loan. Approval will go to those who have promising projects for economic development or show that they are supportin…

Many entrepreneurs require a small business loan to get started; however, choosing the right business loan can be intimidating. Fortunately, there are several different avenues of business loans to choose from, including an SBA loan.

What is an SBA loan? What is an SBA 504 loan? How does it work? What is the difference between an SBA 504 loan versus other SBA loan programs?

What is an SBA Loan?

With an SBA loan, the US Small Business Administration partners with lenders to get loans for small businesses. Rather than directly giving money to small business owners, the SBA sets criteria for loans.

The rationale behind using this lending model is that it poses less risk for lenders and lending organizations, which makes small businesses receiving a loan a much more straightforward process. Here are some ot…

SBA 504 vs. 7A Loan: What’s the Best-Fit Loan for Your Gym Business?

Understanding SBA Loans: What is a 504 Loan?