Learn about SBA financing categories and the questions to discuss for your business project.
SBA programs have specific purposes and requirements. A program discussion should consider your intended use of funds, business circumstances and the participating lender’s review.
The SBA 7(a) program provides guarantees to participating lenders for eligible business financing. Permitted uses depend on program requirements.
Ask about: Discuss the intended use of proceeds and the lender’s application and documentation process.
The SBA 504 program supports eligible major fixed-asset projects through participating program partners.
Ask about: Project structure and intended use matter. Do not assume this category covers routine operating expenses.
Ask which program, if any, is relevant to the project and currently available through an appropriate provider.
Ask about: A program’s existence does not mean a business qualifies or that Covered Bridge Capital has a confirmed provider for it.
Program background: SBA 7(a) overview ↗ SBA 504 overview ↗. Official program information does not imply an SBA endorsement of Covered Bridge Capital.
No. SBA program participation does not remove eligibility requirements or the lender’s review.
No. Discuss the specific project and permitted uses of the relevant program.
Tell us what your business is building toward.
