Federal Loans and Guarantees
Small Business Administration
From Section 7(a) of the Small Business Act, commercial lenders’ 7(a) small-business loans are guaranteed by the Small Business Administration.
504 – Enchanted Land Certified Development Company
The Small Business Administration’s 504 loan program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. Enchanted Land Certified Development Company works with the Small Business Administration and a private-sector lender to make a secured loan to a small business, which must contribute at least 10 percent of the project cost.
CAPLines is the umbrella program under which the Small Business Administration helps small businesses meet their short-term and cyclical working-capital needs. Most CAPLines loans can be for any dollar amount that does not exceed SBA’s limit. There are five short-term working-capital loan programs under the CAPLines umbrella: Seasonal Line, Contract Line, Builders Line, Standard Asset-Based Line and Small Asset-Based Line.
Export Working Capital
The Export Working Capital program incentivizes banks to make export loans to qualified small-business exporters that would otherwise lose viable export sales due to a lack of working capital. Export Working Capital loans are used for transaction financing.
International Trade Loan
The International Trade Loan is a term loan designed for businesses that plan to start or continue exporting, or for those that that have been adversely affected by competition from imports. The proceeds of the loan must enable the borrower to be in a better position to compete.
Pollution Control Loan
Pollution Control Loans are 7(a) loans, limited to use for fixed assets only, with a special purpose of pollution control. The program is designed to provide financing to eligible small businesses for the planning, design, or installation of a pollution-control facility that must prevent, reduce, abate, or control any form of pollution, including recycling.
USDA Rural Development
Business & Industry Guaranteed Loan
The “B & I” Guaranteed Loan program guarantees loans for corporations or other nonpublic borrowers whose enterprises improve economic and environmental conditions in rural communities.