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Loan Programs

This class of loans may be used for a variety of reasons, including the purchase of land,

buildings, equipment, machinery, supplies, or materials. It may also be used for long-term

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working capital (paying accounts payable or the purchase of inventory). It may even be used to

purchase an existing business. This class of loans cannot, however, be used to refinance existing

debt, to pay delinquent taxes, or to change business ownership.

• Special-purpose loans program. These loans are designed to assist small businesses for specific

purposes. They have been used to help small businesses purchase and incorporate pollution control

systems, develop employee stock ownership plans, and aid companies negatively impacted by the North

American Free Trade Agreement (NAFTA). It includes programs such as the CAPLines, which provide

assistance to businesses for meeting their short-term working capital needs. There is also the Community

Adjustment and Investment Program. This program is designed to assist businesses that might have been

adversely impacted by NAFTA.

• Express and pilot programs. These loan programs are designed to accelerate the process of providing

loans. SBA Express can respond to a loan application within thirty-six hours while also providing lower

interest rates.

• Community express programs. These programs are designed to assist borrowers whose businesses

are located in economically depressed regions of the country.

• Patriot express loans. These loans are designed to assist members of the US military who wish to

create or expand a small business. These loans have lower interest rates and can be used for starting a

business, real estate purchases, working capital, expansions, and helping the business if the owner should

be deployed.

• Export loan programs. Given the remarkable fact that 70 percent of American exporters

have less than twenty employees, it is not surprising that the SBA makes a special effort to

support these businesses by providing specialized loan programs. These programs include the


o Export Express Program. This program has a rapid turnaround time to support export-based

activities. It can provide for funds up to $500,000 worth of financing. Financing can be either a term loan

or a line of credit.

o Export Working Capital Program. A major challenge that small exporters face is the fact that many

American banks will not provide working capital advances on orders, receivables, or even letters of credit.

This SBA program assures up to the 90 percent of a loan so as to enhance a business’s export working


o SBA and Ex-Im Bank Coguarantee Program. This is an extension of the Export Working Capital

Program and deals with expanding a business’s export working capital lines up to $2 million.

o International Trade Loan Program. This program, with a maximum guarantee of $1.75 million,

enables small businesses to start an exporting program, enlarge an exporting program, or deal with the

consequences of competition from overseas imports.

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