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SBA loans: find the right program
SBA programs serve different financing needs. Compare lender-backed 7(a) loans, fixed-asset 504 financing, intermediary microloans and direct SBA disaster assistance.
Compare SBA programs
Which SBA loan program fits the use of funds?
SBA programs serve different purposes. A 7(a) loan can support several eligible business uses; a 504 loan focuses on major fixed assets; a microloan provides smaller amounts through an approved intermediary. Each program has its own eligibility and underwriting requirements.
| Program | Common eligible uses | Important distinction | Where to confirm details |
|---|---|---|---|
| 7(a) | Working capital, equipment, eligible real estate, refinancing and ownership changes. | The SBA guarantees a portion of a qualifying lender's loan. The individual loan maximum is $5 million; eligibility and terms still apply. | SBA 7(a) program and application guidance |
| 504 | Eligible buildings, land and long-term machinery or equipment; certain qualified debt refinancing. | Not for working capital or inventory. A Certified Development Company works with a senior lender on the financing structure. | SBA 504 program and Certified Development Companies |
| Microloan | Working capital, inventory, supplies, furniture and equipment. | Loans up to $50,000 are offered through approved intermediaries. Proceeds cannot pay existing debt or purchase real estate. | SBA microloan program and intermediaries |
Program information checked against the linked SBA sources on October 8, 2026. Confirm current eligibility, fees and permitted uses with the lender or intermediary. My Business Loans is not the SBA or a lender; this comparison does not establish that a participating marketplace provider offers a particular program.
Disaster assistance follows a separate route
For declared disasters, check eligibility and apply through the SBA’s official disaster assistance site. Sending a marketplace inquiry here is not an SBA application.