The SBA offers a variety of loan programs designed to support small businesses at different stages of growth and need. Join us to find out more information on how SBA lenders can assist you with your business capital needs.

Learn more about the 7(a) Loan Program – provides flexible funding for a wide range of business purposes such as working capital, equipment purchase, and real estate acquisition. SBA 7(a) loans go up to $5 million, the 7(a) program is ideal for both new and established businesses looking to expand or stabilize their operations.

Additionally, the SBA 504 Loan Program – focuses on economic development by offering lower equity injection from owner(s), long-term, fixed-rate financing for major assets such as real estate and equipment. This program helps small businesses acquire the resources needed to scale their operations and create jobs within their communities.

Another crucial program is the Microloan Program – provides loans up to $50,000 to help small businesses and certain not-for-profit childcare centers start up and expand. Microloans can be used for working capital, inventory, supplies, and equipment.

Community Advantage Loan Program – aims to provide financing to small businesses in underserved markets up to $350K.

The NEW Working Capital Pilot Program – this loan offers monitored lines of credit within the 7(a) loan program. The 7(a) WCP can support a range of financing needs for growing small businesses and brings together the best features of the existing permanent 7(a) line of credit delivery methods. The 7(a) WCP introduces a series of innovative features to meet the needs of modern small businesses.

Each of these loan programs is designed to meet specific business needs, offering unique benefits and terms to support the diverse landscape of small businesses.

These loan programs, backed by the SBA, play a crucial role in fostering economic growth and stability by enabling small businesses to access the capital they need to thrive. By understanding the distinct features and advantages of each program, business owners can make informed decisions about the best financing options to meet their specific needs and goals.

This training will provide participants with detailed insights into the eligibility criteria, application process, and strategic benefits of each SBA loan program, empowering small business owners to secure the funding necessary for their success.

ABOUT THE PRESENTER: Patrick Rodriguez is a big-picture thinker, super connector, and deep generalist whose career arc bends toward public service. Patrick recently was promoted to deputy district director of the Tennessee SBA office.  Patrick helps business owners, lenders and government contractors access SBA programs and services throughout Tennessee’s 95 counties. Previously, he worked as the SBA Senior Area Manager based out of Raleigh, NC since 2014.  Patrick started his SBA career in 2008 with the Los Angeles SBA Office before moving to North Carolina. Patrick grew up in Austin, Texas and graduated from the University of Texas, and recently earned his MBA from Kenan-Flagler Business School.