7a loan guarantee
The 7(a) Loan Guaranty Program is one of SBA's primary lendingprograms. It provides loans to small businesses unable to securefinancing on reasonable terms through normal lending channels. Theprogram operates through private-sector lenders that provide loanswhich are, in turn, guaranteed by the SBA -- the Agency has no fundsfor direct lending or grants.
LowDoc
Further streamlines the making of small business loans. Themaximum loan is $150,000. The calls for a response from the SBA within36 hours of receiving a complete application. Guaranty percent follows7(a) policy. Once a small business borrower meets the lender'srequirements for credit, the lender may request a guaranty from the SBAthrough SBALowDoc procedures. It's a quick, two-step process.
Express
This program makes it easier and faster for lenders to providesmall business loans of $150,000 or less. It allows lenders to usetheir own forms and processes to approve loans guaranteed by the U.S.Small Business Administration. The Express program provides a rapidresponse from the SBA -- within 36 hours of receiving your completeapplication.
