What are SBA Loans?

Get a government agency backed loan from Credit Sharks.

504 Loan

This loan works similarly to an equipment financing loan. When approved for a 504 loan, you can get up to $5 million to address any facility or equipment needs.

7(a) Loan

The 7(a) Loan has a similar limit to the 504 but is primarily used for working capital concerns. Anything that working capital loans cover, a 7(a) loan can cover.

Community Advantage Loan

This is an identical loan in function compared to a 7(a) loan. The difference is that this is approved for small businesses in underserved markets. The loan amount is capped at $500,000.


Microloans are the easiest loan to be approved for from the SBA. However, as the name suggests, the microloan is capped at $50,000 with the average approved amount being $15,000.