SBA loans every business owner should be aware of

In August 7, 2018

Business loans can be confusing, especially when it comes to the finer nuances of SBA and USDA loans. Therefore, we’ve created an infographic to help clarify the primary differences between a few of the most popular types of loans:

  • SBA 7(a) and 504 loans, which have a government guarantee for the lender through the Small Business Administration, and
  • USDA loans, which are a similar product for rural area growth through the United States Department of Agriculture.

SBA loans at a glance infographic v4

Although learning the differences between these two types of loans can be a great start, determining the appropriate loan is infinitely more complicated.

Because they’re immersed in loan and credit decisions every day, understanding each product in great detail, a short conversation with a SBA- and USDA-approved lender can often be more useful than trying to explore loans on your own. Why not call us today? We’re a top SBA lender who’s always happy to share what we know, and start you down the right path.

To learn more, or discuss your specific needs, contact a branch or loan office today. We’re happy to help.

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