Small Business Today Magazine FEB 2015 TAYLOR CONSTRUCTION MANAGMENT | Page 34

EDITORIALFEATURE

Which Businesses Can Take Advantage of SBA
Government-Guaranteed Loan Program? 
By Bruce Hurta

F

or a small business owner, it sounds like a
good idea to use SBA government-guaranteed financing for their business.  What’s not
to like about lower down payments, longer
repayment terms, and easier qualifying criteria
than conventional bank loans?  In fact, the SBA
Loan Program can finance a business acquisition,
a partner buyout, a real estate purchase for new
facilities, new construction, and business expansion. 
The SBA 7(a) Loan Program is available to small
businesses for one or more loans up to $5 million.

Rules for SBA Borrowers

There are, however, bu