What is the SBA?
The Small Business Administration (SBA) is a U.S. government agency created in 1953 to support, advocate for, and advance the interests of small businesses across the nation.
While the SBA doesn't directly lend money to small businesses, it provides loan guarantees to approved lenders (banks, credit unions, CDCs), reducing their risk and making it easier for small businesses to access capital. The SBA also offers counseling, training, and advocacy to help entrepreneurs start, grow, and succeed.
SBA Loan Programs
The SBA offers several loan programs designed to meet different business needs
Basic Eligibility Requirements
Application Process Overview
A simplified view of the SBA loan application journey
Prepare
Gather financial documents and business information
Apply
Submit application through SBA-approved lender
Review
Lender and SBA review your application
Close
Finalize loan terms and receive funding
SBA Loan Servicing Actions
Common actions you may need during the life of your SBA loan
Subordination
Request to subordinate SBA lien to allow refinancing
Release of Collateral
Request to release specific collateral from loan
Change in Ownership
Transfer or assumption of existing SBA loan
Payment Assistance
Request hardship accommodation for temporary relief
Substitution of Collateral
Replace existing collateral with new assets
Release of Guarantor
Remove personal guarantee obligation
Additional SBA Services
Free Counseling & Training
Access free business counseling through SCORE, Small Business Development Centers (SBDCs), and Women's Business Centers (WBCs). Get help with business plans, marketing, financial management, and more.
Government Contracting
The SBA helps small businesses compete for and win federal contracts through various programs, including 8(a) Business Development, HUBZone, and Women-Owned Small Business certifications.
Disclaimer: This guide provides general information about SBA loan programs and is not legal, financial, or tax advice. Requirements and programs are subject to change. Always verify current details with the SBA or an approved lender. SmallBiz Recon™ is not affiliated with the U.S. Small Business Administration.
Ready to Explore SBA Options?
This guide gives you the foundation. For templates, checklists, and step-by-step support, explore our advanced toolkits.