This course helps business owners and their advisors better understand the purpose of SBA loan programs, who's eligible, and whether U. S. Small Business Administration (SBA) loans are the right funding for the business. People are often surprised to learn that many businesses can benefit from the funding and resources from the SBA. The SBA definition of a "small business" might be bigger than you think.

In this course, you'll learn:

• The pros and cons of SBA and bank business loans to help you decide which is better for you
• The players in the SBA loan process and how they could help you
• Whether you're eligible for one of the SBA's loan programs
• What to expect in the application process and how to get your loan more quickly
• Important details about the SBA's major loan programs:
  • The Standard 7(a) program
  • 7(a) specialized programs
  • The 504/CDC loan program
  • Other SBA loan programs

Understanding all the SBA loan programs, where to get more info, and where to find lenders can be daunting. I'll give you two template that summarize this for you and help you quickly get the information you need.

• Overview of SBA Loan Programs – Deciding which programs are right for you can be overwhelming. There are multiple options, each with different rules. I summarize the key info about them for you in two pages.
• Links to Key SBA Information – The SBA website has many helpful resources for you, if you know where to find them. Skip wandering through pages and pages of info to get what you need. These links will take you directly to what you want to know.