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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: December 09, 2022

1 Review (4 ratings)Reviews

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:16Welcome and Overview of SBA Loans
Basic Information About Loans and the SBA
  7:12Some Loan Basics
  5:26About The SBA
  9:12The Players in The SBA Loan Process
  6:08General Eligibility Requirements
  7:50The Application Process
  quizREVIEW QUESTIONS
SBA Loan Programs
  7:32The Standard 7(a) Program
  7:387(a) Specialized Programs
  10:54The 504 Loan Program
  10:22Other Loan Programs
  quizREVIEW QUESTIONS
Recap of Key Concepts
  5:16Pros and Cons of SBA Loans
  8:45Key Takeaways
  quizREVIEW QUESTIONS
CONTINUOUS PLAY
  1:29:31SBA Loans: Funding and Resources for Small Businesses
SUPPORTING MATERIAL
  PDFSlides: SBA Loans: Funding and Resources for Small Businesses
  PDFSBA Loans: Funding and Resources for Small Businesses Glossary/Index
Course Resources
  PDFLinks to Key SBA Information
  PDFOverview of SBA Loan Programs
REVIEW AND TEST
 examFINAL EXAM