Small Business Association Loan
Small business association loans range from $500 to $5.5 million and can be used for most business purposes, including the purchase of long-term fixed assets and working capital. SBA loans come with a few benefits including: competitive terms, counseling and education, lower down payments, flexible overhead requirements, and no collateral requirements. There are three main types of SBA loans: 7(a) loans, 504 loans and microloans.