Federal Programs

Small Business Administration

Microloan Program
The Microloan Program provides small, short-term loans to small businesses. The SBA makes funds available to specially designated intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance. These intermediaries make loans to eligible borrowers. The maximum loan amount is $50,000, but the average microloan is about $13,000.

CDC/504
The 504 Program provides small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization.

7(a) Guaranteed Loan Program
The 7(a) Loan Program is the SBA’s primary business loan program.  It provides a flexible loan structure, variety of loan proceed uses, and availability.  Specialty loans within the 7(a) are for veterans, rural businesses, export businesses, and business affected by NAFTA.  Contact your bank to learn more about SBA loans. 

CAPLines
CAPLines is an umbrella loan program that helps small businesses meet their short-term and cyclical working-capital needs. It features five lines, each with specific regulations concerning the use of the loan proceeds.

US Department of Agriculture

Business & Industry Guaranteed Loan Program
The purpose of the B&I Guaranteed Loan Program is to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities.

Other Programs

Trade Adjustment Assistance Centers
Import-impacted manufacturers that have lost either 5% of their workforce or market share due to overseas competition can receive matching funds for projects that strengthen operations and sharpen competitiveness through Trade Adjustment Assistance for Firms (TAA).

Federal Tax Credits
Many tax credits exist in the Federal tax code.  We recommend you speak with a tax accountant to maximize your deductions.