Secure needed capital

Take advantage of a valuable resource

The Small Business Administration (SBA) is a U.S. government agency dedicated to supporting the establishment and growth of small businesses. Among their suite of programs, SBA loans stand out as a valuable resource for businesses wanting to expand.

They are extended by private lenders but backed by a partial guarantee from the government. This guarantee lowers the risk for lenders, prompting them to provide better terms and rates, thus allowing businesses to secure capital that might otherwise be out of reach. 

How SCGWest can help

Partnering with SCGWest for your SBA-financed projects can significantly enhance the success and efficiency of your business ventures. 

With SCGWest at your side, you can rest assured that every dollar from your SBA loan is meticulously allocated to ensure maximum return on investment. Additionally, our experience translates into foresight, anticipating challenges and proactively addressing them, ensuring your project remains on track.  

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Want more information on SBA loans? Check out our blog. 

Maximizing Value: Cost and Time Efficiency in Design-Build Projects

Why consider SBA construction financing?

SBA loans not only provide working capital to purchase land or a new building for your business, but they can also be used for practically any other business expense such as a renovation to your storefront, new kitchen equipment for your restaurant, or even the money you need to hire more staff. 

Here’s why considering an SBA loan might be your best option: 


Streamlined SBA Approval →

The application process

Securing an SBA loan requires a methodical approach.  

1. Choosing a Lender

The very first decision to make is selecting the right lender, and the SBA provides multiple avenues: 

2. Providing Required Documentation

Securing an SBA loan isn’t just about choosing the right lender; it’s also about presenting a compelling case for your business. Key documents include: 

Moreover, other relevant documents might be needed, depending on the specific loan program and lender requirements. 

3. Clarifying Timeline

The duration from application to disbursement is not fixed. It varies based on factors such as the type of loan program chosen, the lender’s internal processes, and the quality of the documentation provided. However, understanding the distinctions between lender types can give you a general idea of potential timelines. It’s crucial to stay in regular communication with your chosen lender to get a clear sense of the expected timeline and any actions needed on your part to expedite the process. 

Types of SBA loans

SBA 7(a) Loans

This is the most popular SBA loan, offering coverage for a broad range of business expenses for up to $5 million. For property expenditures, the repayment period can extend to 25 years. 


Loan Duration

How long will you be in debt? A short-term loan might have higher monthly payments but will be over sooner, while a long-term loan spreads out the cost but keeps you in debt longer.

Types of SBA loans

SBA 7(a) Loans

This is the most popular SBA loan, offering coverage for a broad range of business expenses for up to $5 million. For property expenditures, the repayment period can extend to 25 years. 

Advantages of SBA 7(a) loans: 

Disadvantages of SBA 7(a) loans: 

SBA 7(a) Express Loans (Microloans)

As the name suggests, these are expedited loans. However, they come with a lower borrowing limit (maxing out at $350,000) and a shorter repayment period. Also, the government’s guarantee will only cover up to half of the loan amount. 

Advantages of SBA 7(a) Express loans: 

Disadvantages of SBA 7(a) Express loans: 

SBA 504 Loans (CDC 504 Loans)

These loans involve collaboration between two lenders: a traditional lender, such as a bank or credit union, and a Certified Development Corporation (CDC).  
They can offer up to $5.5 million with a potential repayment term of 25 years. Typically, a down payment of 10% is required, making it more accessible for businesses that struggle with the 20-30% downpayment of a 7(a) loan. 

Advantages of SBA 504 loans: 

Disadvantages of SBA 504 loans: 

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