More Tips On Government Loans for Small Business

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• The 504 Program provides long-term, fixed-asset governmental loan financing through certified development companies. The maximum SBA debenture generally is $750,000 (up to $1 million in some cases).
• DELTA Loans are created for defense-dependent small firms that have been adversely affected by defense cuts; the maximum DELTA loan is $1.25 million.
• Physical Disaster Loans are offered up to $1,500,000 ($1.5 million). Any business that is located in a declared disaster area and has incurred damage during the disaster may apply for a loan to help repair or replace damaged property to its pre-disaster condition.
• CAIP loans are intended to create new, sustainable jobs and preserve existing jobs in businesses at risk due to changing trade patterns with Canada and Mexico.
• Export Working Capital Program (EWCP) provides short-term loans to small businesses for export-related transactions. Under the EWCP, the SBA can guarantee up to 90 percent of a secured loan or $750,000.
• International Trade Loan (ITL) offers short- and long-term financing to small businesses involved in exporting. The SBA can guarantee up to $1.25 million for a combination of fixed-asset financing and working capital.
• Pollution Control Loan offers loans for pollution control measures
• Under the Small Business Innovation Research (SBIR) program, 10 federal agencies having annual external research and development requirements of more than $100,000,000 ($100 million) must reserve 2.5% of these funds for award to small businesses.
• Small Business Technology Transfer (STTR) Program - Under the Small Business Technology Transfer (STTR) program, five agencies with annual external research and development budgets of more than ($1,000,000,000) $1 billion, must reserve .15% of these funds for award to collaborative efforts between small businesses and non-profit research firms.
• Small Business Investment Companies (SBICs) - Unique economic-development tools, SBICs put venture capital, in the form of debt and equity financing, into small businesses for growth, modernization and expansion. SBIC's are investment companies licensed by the SBA. They make venture capital investments and long-term loans to small businesses.
• Specialized Small Business Investment Companies (SSBICs) Typically, SSBICs make smaller investments than the regular SBICs. They are a significant component of the SBIC program, investing solely in small businesses owned by socially and economically disadvantaged individuals.

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