90%   guaFaflty   Tenn   loan   lor   perrnanent   Up   10   25 years.  same   as   7(a)   S3meas   7(a)   Same   as   7(a),   plus  lOl'(l   tenn   financing   10   allow 
(upfo   $4.5  mb   WDI1Qng:=.   equip­  engaged!   prepartng   10   engage   in   small   OOsiless   to   oompele 
maximum   guaranty)  men!.   fadl   .   land   and   intematlonal   trade/adver.iety   more   ektively   in   Ihe   inlema­
(Up to   $4 mIllion   buildings   and   debt   reli­  affected   by   competition   from   tional marketplace 
maximum   guaranty   nance   related   to   mtema­  imports. 
for   'MlIlcJng   capital)   tionaltrade 
S5mlllon   I   !lO'lI.   guaranty   Sholl-teml,   ~pilal     GeneI3Iy   one   year   or   No   S8A   maximum   ntel1lSl   rate   sameas7(a)  Same   as   7(a),   pkJs   need   6holt­  AddilklnaI   \1IOIkrlg   capilallo 
(up   to   $4.5   mJlon   loans   for   exporters.   May   less,   may  go  up   10  3   cap,   bUt   S8A   rnooilOrS   br   lem1   'IIOI1Qng   caplIaI   lor   elq:lOlt­  ina8a&e   EJqlOI1   sales   'Ailhout 
maximum   guaranty)   be   IriInsaetIII1   based   or   )'US   reasonableness  ilg.   dlsrupting   domestic   financing 
assel-based.   Can   also   and   business   pi;II 
support   slandly   leiters   of 
creal! 
$500,000   90%   guaranty   br   Same as   SBAExpress   plus   same   as   SBAExpress   same   as   SBAExpress   Sameas7(a)   Applicant   must   demonstrate   that   Fast   turnaround; 
loans   of   $350.000   standby   letters   of   cred~     loan   v.i.   enable   them   to   enter   a   Streamlined process;
C   or   less;   new.   or   expand in   an   existing   Easy-to-use   line   of   cred~  
0   75%   guaranty   lor   export   market   Business must
loans greater   than   have   been   in   operation   lor   at
0 
~  $350,000   least   12   months (though   nol
 
'.  .,.   necessanly   in   exporting)  . 
C 
Qua~fying  ~
Dealer   Floor   Plan   $5   milion   Same   as   7(a).      sma.   bus!-  Minimum   1  year   Same   as   7(a).   Interest   paid   Same   as   7(a)   Yooith   Ihe   Same as   7(a)   I   Reasonable    
E   mllXllllUm   100%  advance  on   nesses,  indudng  boalS,   Maxinum  5  )lllars   monthly  on  outstanding  balance   exception  of  lhe 
'"0 
$500,000   bolh new   or   used   automolJles,   mololtycles,   exlraoltllnary   seMcing   lee
<   minimum   inverOOly   that   can   manufactured   homes   and   (lee   cannot   be   greater   than
.,. .,. 
beUlled   RV   dealers.   Can   refinance   non-SBA   loan   fee) 
Q)   an   existing   dealer   IIoor 
c   plan  . 
.,. 
:::l 
504   Loans   504   CDC   maxi-  Project   costs   Long-Ienn, fixed-asset   CDC   Loan:   10-  or   Fixed rate   on   504   Loan   .5%   lee   on   lender   share.   Alternative   Size   Standard:   Low   down   payment   -  equity
CO 
Provided   lhrough   mum   amount   financed   as   follows:   loans;   Lender (non-  2O-year   tenn   fixed   established   v.tlen   plus   CDC   may charge up   ForiJrOfit businesses   that   do   not   (10%-2O'Yo) 
Certified   Development   ranges   from   CDC   up   to   40%   guaranteed)   financing   interest   rate.   debenture   backing   loan   is   $Okl.   to   1.5%   on   lheir   share.   exceed   $  15   million   in   langible   (The   equity   contribution   may
0 
Companies (CDCs)   55   mlllon   to   Non-guaranteed   seaJred   by   first   Declining   prepayment   CDC   charges   a   mlhly   net   v.urth, and   do   not   have   an   be   borrtl'Mld)
E 
II)   v.tlich   are   licensed   by   $5.5   million,   financing:   lien   on   project   assets.   Lender   Loan:   penalty   lor   1/2   of   tenn.   servicing   fee   of.625%-  average   l'Ml   full   fiscal year   net   Fees   can be   financed;
SBA   depending   on   Lender:   50%   CDC   loan prollided   from   (unguaranteed)   1.5%   on   unpaid   balance   income   over   S5   million.   SBA   Portion: 
type   of   business.   EqUity:   10%   plus   SBA   100% guaranteed   financing   may   have   a   Ongoing   guaranty   fee   Long-lenn   fixed rale
"'! 
~  addilional5% if   new   debenture   sokJ   to   shorter tenn.   May   be   (FY   2011)  0.9375%   is   of   OMler   O<x:upied   51%   lor   FuR   amortIZation 
 
business   mor   investors   at   fixed   rate   fixed   (J(   adjustable   principal   outstanding.   existing or   OOY.   br   newcon-  No   balloons 
5%   if   special   use   serured   by   2nd   lien.   interest   rate   Ongoing   lee   %  does   not   stNCtion. 
property.   change   dUring   tenn. 
504   Debt   Refinance   same   as   504   The   remaining   15%   Same   as   504.   Cash   oul   Same   as   504   same   as   504   Same   as   504   with   Ihe   Same   as 504   plus   borrowBf   Business   ov.ner   may   be   able 
Provided   lIlrough   pkIs   85%   or   more   was   incurred   for   the   equity   for   I'fOI1ting   capital   exception   lhal   the   ongoing   must   have   been   ament   on   last   10   refinance   property   lhal   is 
fee   is   (FY   2(11)   is   1.1   03%   12   monthly   payments.   nol   under-aJlateralized   Ihe 
coes   v.tlich   are   of   Ihe   proceeds   benefit   of   the small   or   other   eligIble business   can   v.ith 
~tlng
licensed   Il'/   SBA.   The   of   existing debt   or   business.   expenses   up   to   18 monlhs   rafinance   an      federal   addIIon   of   cash,   other   prop-
refinance program   WlI   B5%oforiginal   in   advance.   Can   finance   government   loan.   erty   or   other   options   'MlIked 
be   in   ekt   lhrough   loan   had   to   be   for   up   III   90%   of   the   CUllllllt   out   v.ilh   lender.   Can   also 
re~nanc-
Sept.   27.   2012.   eJgible   fixed   awaJsed   property   value   finance   504   eigiIlkl 
assets.   between   CDC and   lender.   iog   C06IS. 
Non-7(a)   Loans   550,000   Not   apprlCabie   Purchase   mach;nery   &   Shortest tenn   Negotiable   wllh  Ifllennediary.   No   guaranty   fee   Same   as   7(a)   Direct   loans   from   nonprofit 
intermediary 
Mlcroloans   equipment,   fixtures,   po8SIbIe,   not   to   Subjeclto   either   7.75   or   lenders; 
Fixelkate   financing; 
Loans   through   Ieasehokl   improvements;   exceed  years   6   8.5% above   intennediary 
Very   small   loan amounts; 
nonprofillending   finance increased   cost   of   funds. 
receivables:   working   Technical   assistance available
organizations:
technical   assistance  capital.   ('.annot   be   used   to
repay   eXJsling   debt. 
also   provided.
Developed by Baltimore District Office 
U.S.   Small   Business Administration   SBA   Answer   Desk 
409 3rd Street, S.W.   1-800-827-5722   (410) 962-6195 
Washington,   DC  20416   www.sba.gov   version 2 November 2011 

 = Page 1 =
85%   guaranty   lor   T  em1   Loan.   8paJ1SjQl\!   Depends   GIl   alllily   tG   LOills   less   ll1an   7l'llars:   max.   (Fee   cIlarged   GIl   guaran-  Mus!   be   a  for   pIOliI   business   &   Long.te!m   maOOng,
loans   of   $  150.lXXI   renovatm;   new   woslJuc­  repay   Generally,   Pfime   +   2.25%,7   yrs.   Gf   more:   tied   portion   of   loan   only)   meet   S8A   sizestaodaids;   show   Improved cash   Ilcw:
or   less;   bon,   pultilase   land   or   't\tlI1angcapdal   &   porne   +2.75%:   under   $.5O,lXXI.   Malunty:   1  year   or   less   gooj   character,   cred:l.   man.·   F'lXed   malunty;
75%   guaranly for   buildings;   purdlase   equiJ)­  madllnery   &   rales   can   be   higher   by   2'l'.   for   0.25%   guaranty   fee:   over   1   menL   and   abdily   10   repay.   Mos!   No   Dalloons;
loans   greater   than   ment. fi),tures,   equlpment   (nollo   loans   of   $25,lXXI or   less;   and   year:   $15O,00J   gross   be   an   e.igble   type   of   business   No   prepayment penany (under
$150,000   lease-llold   Improvefrenls.   exceed   Me   of   1%   fllr   Ioan.s   be!'Mlen   525,(0)   amount   or   less   =  2%j   15   years)
(up   to   $3   75   m~lion     \\01king   c.ap.1al;   refinance   equipment)   IS   5-10   and   550,000.   PreJ:.aymenl   150,001-$700,000   = 
maximum   guaranly)  dehl   for   ccmpelling   rea-  years;   real   estate  25   Is   penalty   for   loans   I',llh   maturities  3.0%:   over 5700,000   = 
sons;   seasonal line   of   years.   of   15   years   or   more   If   Pfep3Jd   3.5%:   3.75%   on   guaranty 
credl~     flventory   during   first   3  years.   (5%   year   1.   portionover$l   mb. 
3%   year   2   and   1  %  year   3)   Ongoing   fee   of   0.55".4.. 
SBAExpress   I  S350.00J   150%   1  May   be   used   for   rel'Olving   Up   to   7  years   f«   Loans   $5O,lXXl   or   less;   pfime+   same   as   7(a)   Same   as   7(a)   Fast   turnslI)IJnd;
lines  credd (up   of  to   7  year   RevoNf1g   Uoos   of   6.5%:   Streamlfled   pm:;ess,
maturily)   or for   a  term   loan   Credit   induding   term   LOills   over   $50,000   prime   +   Easy-tlHlse   ~ne     of   aedlt
(same   as   7(a)).   out   period.   OIherMse,   4.5% 
c   same   as   7(a)  . 
~
.
Patriot   Express  $500.000   Same   as   7(a)   Same   as   SBAExpress   Same   as   SBAExpress   Same   as   7(a)   Same   as   7(a)   Same   as   7(a).   In   addition,   Higher   maximum amount   and
0 
-  small business   must   be   O\\l1ed   io'Mlr   maximum   interest   rate
j: 
<II   and   controlled   by   one   or   more   than SBAExpl8SS:
C   of   the   following   groups:   veleran,  Fast   lumaround;
active-duly   military,   reservist   or   Streamlined process;
e   National   Guard   member   or   a   Easy-Io-use   line   of   credit
""l:J 
spouse   of   any  these   of   groups 
« 
or   a  v.ld0'Mld   spouse   of   a 
<II
<II  service member   or   veteran   I'dlo 
Q)
died   duting   service,   or   of   a 
c 
servlce-roll   nected   disablnly. 
;;; 
;:) 
~  Caplines:  $5   million   Same   as   7(a)   Finance seasonal   and/or   Up   to   10   years,   except   Same   as   7(a)   Same   as   7(a)   Same   as   7(a), plus   all   lenders   1.   Workilg   Capital -RawIVing 
 
1.   WoOO1g   Capital;   short   term   \\Of1ting   capital   Builder's   CAPUne,   must   execute   Form   750   &  7508   Une   of   Credd   (LOG) 
needs;   ccsHo   perform:   I'dlich   is   5  years   (shcrt   tarm   loans)   2.   Contract   -  can   finance   all 
0   L   Contract; 
~ofil).
3.   Seasonal;   and   construcli>n   costs,   costs   (excluding    
e 
.."   4.   BUilders   CAPlJIes   advances   against   existing   3   Seasonal  Seasonal   -  'Mlrll­
inventory   and   receivables;   ing   capital   needs. 
consolidation  short-term   of   4.   Bulkier   -  Floanees   00!cI 
detts.   May be revolving   costs   wth   building  ccmmer­  a
dal   or   residential   slruclure 
Small/Rural Lender   $350,lXXl   Same   as   7(a)   Same   as   7(a)   Same   as   7(a)   Same   as   7(a)   Same   as   7(a)   Same   as   7(a)   Same   as   7(a)
Advantage Loan   Plus   streamlined   process
(SIRLA)   Average   of   20 
or   fewer   SBA   loans 
annually   over   the   last   3 
fiscal   years 
I 
Small LOIn   $25O,00J   Same   as   7(a)   Same   as   7(a)   Same   as   7(a)   Same   as   7(a)   Same   as   7(a)   Same   as   7(a)  Same   as   7(a)
I
Plus   streamlined   process
Advantage (SLA)
Lender   must   be   in
Prefenred   Lender   Pro­
gram   (PLP)
Community   S250,lXXl   Same   as   7(a)   Same   as   7(a)   Same   as   7(a)   Prime   plus   4%   Same   as   7(a)   Same   as   7(a)  Same   as   7(a) Plus 
lenders   must   be   CDFls, 
Advantage  coes 
or   mialHellder   targeting 
Mission   focused   lenders
I  underserved   mar\(et 
only 
U.S.   Small   Business Administration   Baltimore District   Office   Information   current   as   of   November   2011 
10   S.   Howard   Street,   Suite   6220   (410) 962-6195   SBA  Programs and   services   are provided   on   a   nondiscriminatory basis. 
Baltimore,   MD 21201   www.sba.gov/md   See the SOP for   the   most up   to   date detailed information 

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