This course helps business owners and their advisors better understand the purpose of SBA loan programs, who's eligible, and whether U. S. Small Business Administration (SBA) loans are the right funding for the business. People are often surprised to learn that many businesses can benefit from the funding and resources from the SBA. The SBA definition of a "small business" might be bigger than you think.

It begins by introducing some basics about business loans and the SBA. Next, you will learn about the players in the SBA loan process. We'll then move to the general eligibility requirements for the SBA's largest loan programs and an overview of the application process.

You'll get important details about specific SBA loan programs. We'll look at:

  • The Standard 7(a) program
  • 7(a) specialized programs
  • The 504/CDC loan program
  • Other SBA loan programs

You'll learn the pros and cons of SBA loans to help you decide if SBA funding is right for your clients.

This program does not cover temporary COVID relief programs that are no longer open to new applications, such as the PPP and the COVID-19 EIDL program.

Course Key Concepts: SBA, SBA Loans, Small Business, Small Business Loans, Business Loans.

Note: This course is also available in Text-based format.
https://www.illumeo.com/courses/sba-loans-funding-resources-small-businesses-text-based-course

Learning Objectives
  • Recognize major SBA loan programs.
  • Explore and recall eligibility requirements for SBA programs.
  • Identify the key players in the SBA loan process.
Last updated/reviewed: August 18, 2023
2 Reviews (11 ratings)

Reviews

5
Anonymous Author
Great overview of SBA loans. This was my first look at SBA loans and this course provided great information. The resources provided were great as well.

5
Member's Profile
Came out of this with a better understanding of, the purpose of SBA loan, who's eligible, whether SBA loans are the right funding for the business.

Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Welcome and Overview of SBA Loans3:16
Basic Information About Loans and the SBA
  Some Loan Basics7:12
  About The SBA5:26
  The Players in The SBA Loan Process9:12
  General Eligibility Requirements6:08
  The Application Process7:50
  REVIEW QUESTIONSquiz
SBA Loan Programs
  The Standard 7(a) Program7:32
  7(a) Specialized Programs7:38
  The 504 Loan Program10:54
  Other Loan Programs10:22
  REVIEW QUESTIONSquiz
Recap of Key Concepts
  Pros and Cons of SBA Loans5:16
  Key Takeaways8:45
  REVIEW QUESTIONSquiz
CONTINUOUS PLAY
  SBA Loans: Funding and Resources for Small Businesses1:29:31
SUPPORTING MATERIAL
  Slides: SBA Loans: Funding and Resources for Small BusinessesPDF
  SBA Loans: Funding and Resources for Small Businesses Glossary/IndexPDF
Course Resources
  Links to Key SBA InformationPDF
  Overview of SBA Loan ProgramsPDF
REVIEW AND TEST
 FINAL EXAMexam