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Small Business Grants

The U.S. Government's Small Business Administration (SBA) is Congressionally mandated to assist the nation's small businesses in meeting their financing needs. The SBA works with private-sector banks & corporations, non-profit groups, and various Federal Government agencies to provide small business loans, grants, & venture capital to small businesses that might not qualify through normal small business financing channels.

Small businesses need access to capital in the form of loans, lines of credit, grants or investment capital. Yet most small businesses often don't have the collateral or credit history to qualify for financing through normal lending channels. That's where the U.S. Government and the Small Business Administration comes in.

Small Business Grants:

Small Business Innovation Research (SBIR) Program - Under the Small Business Innovation Research (SBIR) program, 10 federal agencies having annual external research and development requirements of more than $100 million, must reserve 2.5% of these funds for award to small businesses. Click  here  to learn more.

Small Business Technology Transfer (STTR) Program - Under the Small Business Technology Transfer (STTR) program, five agencies with annual external research and development budgets of more than ($1,000,000,000) $1 billion, must reserve .15% of these funds for award to collaborative efforts between small businesses and non-profit research institutions. Click  here  for more information.

Small Business Loans:

7(a) loans -  This is the Small Business Administration (SBA) primary business loan program. A 7(a) loan may be used for most business purposes including start-up, expansion, equipment purchases, working capital, inventory or real-estate acquisition.

The SBA can guarantee up to $750,000 of a private-sector loan. Interest rates for 7(a) loans are negotiated between the applicant and the lender. Click  here  to learn more.

Low Documentation Loan - If you are looking for a small business loan of $150,000 or less, SBALowDoc may be your answer. Click  here  to learn more.

SBAExpress - SBAExpress encourages lenders to make more small loans to small businesses. Lenders approve loans of up to $150,000. Lenders can also offer revolving lines of credit to borrowers. Click  here  to learn more.

SBA Loan Prequalification Program - Offered to armed forces veterans, minorities, women, exporters, rural small business owners and business owners in certain specialized industries, this program enables the SBA to prequalify an applicant for a 7(a) loan guaranty before the applicant goes to a bank. The maximum loan amount is $250,000. The application will focus on your character, credit, experience and reliability rather than assets. Click  here  to learn more

7(m) MicroLoan - The MicroLoan Program provides short-term loans of up to $35,000. If you need a loan for small-scale financing purposes such as inventory, supplies and working capital, this program may be your answer. Click  here  to learn more

CAPLines - This program features five types of loans for financing the short-term and cyclical working-capital needs of small businesses: Seasonal, Contract, Builders, Standard Asset-Based, and Small Asset-Based. The SBA can generally guarantee up to $750,000 of a loan. Click  here  to learn more.

504 Loans - The 504 Program provides long-term, fixed-asset financing through certified development companies. The maximum SBA debenture generally is $750,000 (up to $1 million in some cases). Click  here  for more information.

Defense Loan & Technical Assistance (DELTA) - Created for defense-dependent small firms that have been adversely affected by defense cuts; the maximum DELTA loan is $1.25 million. Click  here  for more information

Community Adjustment & Investment (CAIP) - CAIP loans are intended to create new, sustainable jobs and preserve existing jobs in businesses at risk due to changing trade patterns with Canada and Mexico. Click  here  for more information.

Export Working Capital Program (EWCP) - The EWCP provides short-term loans to small businesses for export-related transactions. Under the EWCP, the SBA can guarantee up to 90 percent of a secured loan or $750,000. Click  here  for more information.