SBA Advantage Loan Program
- To Qualify: The business must operate as a for-profit company and meet the SBA size standards.
- Use of Loan Proceeds: The proceeds may be used for any legitimate business purpose, such as start-up expenses, working capital, inventory purchases, machinery and equipment, furniture and fixtures, real estate purchases, business acquisition, partner buyout, and ground up construction.
- Loan Amounts: Maximum of $5 million
SBA Grow Loan Program
- To Qualify: The business must operate as a for-profit company and meet the SBA size standards.
- Use of Loan Proceeds: The proceeds may be used for fixed asset projects, such as purchase or refinance of owner/ user commercial real estate, construction of a new building, modernization or renovation of existing facilities, and purchase of long-term machinery or equipment.
- Loan Amounts: Maximum 504 debenture of $5.5 million, providing maximum project financing of $10 million