Get July 2010 - SBA - Sba

What you need to know about small business grants. SBA does not provide grants for starting and expanding a business. SBA provides grants to nonprofits, Resource Partners, and educational organizations. These grants aim to support entrepreneurship through counseling and training programs.

As of January 1, 2022, SBA stopped accepting applications for new COVID-19 EIDL loans or advances.

Created in 1953, the U.S. Small Business Administration (SBA) continues to help small business owners and entrepreneurs pursue the American dream.

Terms: Loan terms vary ing to the purpose of the loan, generally up to 25 years for real estate or 10 years for other fixed assets and working capital.

SBA does not provide grants for starting and expanding a business. SBA provides grants to nonprofits, Resource Partners, and educational organizations. These grants aim to support entrepreneurship through counseling and training programs. SBA only communicates from email addresses ending in @sba.gov.

The 7(a) Loan Program, SBA's primary business loan program, provides loan guaranties to lenders that allow them to provide financial help for small businesses with special requirements. 7(a) loans can be used for: Acquiring, refinancing, or improving real estate and buildings. Short- and long-term working capital.

SBA is no longer accepting new Advance applications or reevaluation requests. We continue to process applications and reevaluations received prior to the deadlines. SBA continues to offer other funding options for small businesses including traditional SBA loans.

SBA only makes direct loans in the case of businesses and homeowners recovering from a declared disaster. SBA partners with lenders to help increase small business access to loans.