What Are Small Business Administration (SBA) Loans?

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What Are SBA Loans?

SBA loans are loans issued by the SBA (the U.S. Small Business Administration). These are specific loans that are issued to certain small businesses that qualify for assistance. SBA loans are not available for all businesses or for all groups. The application process can sometimes be selective and may vary depending on the type of small business loan being applied for.

Are There Different Types of SBA Loans?

Yes, there are various types of SBA loans, including:

Some of these loans are only available in relation to certain circumstances, which may change over time. For instance, disaster relief loans often revolve around specific disaster instances (such as the Hurricane Katrina relief loan, etc.).

What If I Have a Dispute Regarding a Loan?

Small business loans (not just SBA loans) are often subject to various legal issues, disputes, and conflicts. These can include:

Some loan disputes can result in a civil lawsuit for a damages award. Other loan issues can actually lead to criminal violations, such as when a person or business engages in loan fraud.

Do I Need a Lawyer for Help with an SBA Loan?

Obtaining a loan or financial assistance can be an integral part of small business planning. You may wish to hire a business lawyer if you need help with an SBA loan, financial assistance, or other planning issues for your small business. Your attorney can provide you with valuable advice and guidance regarding your options. Also, if you are involved in legal issues, your attorney can help represent you during business litigation proceedings.

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Last Modified: 08-12-2014 02:48 PM PDT

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