SBA Loans for Your Business
Basic 7(a) Loan Program
Gives 7(a) loans to eligible borrowers for starting, acquiring and expanding a small business. This type of loan is the most basic and the most used within SBA’s business loan programs. Borrowers must apply through a participating lender institution. Contact Jim Pawlikowski, for an SBA lender referral, jjp@bcedc.com or 215.348.9031, extension: 10.
Certified Development Company (CDC) 504 Loan Program
Provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings.
Microloan Program
Offers very small loans to start-up, newly established or growing small business concerns. SBA makes funds available to nonprofit community based lenders which, in turn, make loans to eligible borrowers in amounts up to a maximum of $50,000. Applications are submitted to the local intermediary and all credit decisions are made on the local level.
SBA local contact is, Sonia Smith • Sonia.Smith@SBA.gov • 1150 First Avenue, Suite 100, King Of Prussia, PA, 19406 • Phone: 610-382-3092