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SBA Lending Across New England
September 2, 2022
Details
SBA Lending Across New England
7(a) Lending
The 7(a) Loan Program, SBA’s most common loan program, includes financial help for businesses with special requirements. This is the best option when real estate is part of a business purchase, but it can also be used for:
- Short- and long-term working capital
- Refinance current business debt
- Purchase furniture, fixtures, and supplies
Find out more about 7(a) Loans.
So far in Fiscal Year 2022 (October 1, 2021 – July 31, 2022) SBA approved 2207 7(a) loans across New England for $681,850,800.
504 Program
The CDC/504 Loan Program provides long-term, fixed rate financing of up to $5 million 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.
Find out more about 504 Loans.