Buy a Business with an SBA Loan
The Small Business Administration (SBA) guarantees loans made by banks and other lenders to small businesses. There are very specific requirements to getting a bank to approve an SBA Loan.
There are different types of loans available depending on your specific needs and situation.
General Small Business Loans 7 (a) – most common “SBA 7A Loans”
Microloans – for certain small business and not-for-profit child care centers.
https://www.sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs/microloan-program
Real Estate & Equipment Loans CDC/504 – financing for fixed assets and Real Estate “SBA Equipment Loans”
Disaster Loans – Loans to repair certain damaged and destroyed items when there is a declared natural disaster
https://www.sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs/disaster-loans
Limitations of SBA financing – Overview of program limitations
https://www.sba.gov/loans-grants/see-what-sba-offers/what-sba-doesnt-offer
SBA Learning Center – Tutorials designed to help you develop, operate and sell your business
https://www.sba.gov/tools/sba-learning-center/search/training
Recommended tutorials
https://www.finimpact.com/small-business-grants/
Buying a business
https://www.sba.gov/business-guide/plan-your-business/buy-existing-business-or-franchise
Selling your business
https://www.sba.gov/business-guide/manage-your-business/close-or-sell-your-business
Funding your business – options
https://www.sba.gov/business-guide/plan-your-business/fund-your-business
Legal requirements for small businesses
https://www.sba.gov/business-guide/manage-your-business/stay-legally-compliant
****The SBA offers an incredible amount of support and information which can help you develop, maintain and consistently improve your business. We suggest bookmarking this website and referring back to it often.
