The SBA is the largest guarantor of small business loans made in the United States. Over the past five years, the SBA has approved over 338,000 small business loans, totaling more than $62 billion.*

The SBA program is popular because it makes more options and opportunities available than other loan programs. The purpose of the SBA program is to provide financing assistance for small businesses that are unable to obtain conventional financing on reasonable terms. The SBA allows lenders to extend longer terms than are usually available on a conventional loan. A borrower may need these terms in order to have sufficient cash flow.

Unfortunately, because working with the government can be complex, many lenders don’t participate in or promote SBA loans.

You can count on Newtek to help you secure the financing you need quickly. They’ll be your partner from start to finish and help you prepare the SBA loan package to comply with the SBA's exacting standards. Loans made under SBA programs can be used to:

• Expand or renovate facilities
• Purchase real estate
• Purchase equipment, fixtures, and leasehold improvements
• Finance receivables and augment working capital
• Refinance existing debts