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.

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

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: March 25, 2024
5 Reviews (12 ratings)

Reviews

5
Member's Profile
Excellent and up-to-date summary of SBA loans. I enjoyed the text-based material and writing of the teacher. Helpful references to online resources.

4
Anonymous Author
This is a course that is designed to provide helpful information in relation to the SBA loan program.

5
Anonymous Author
Excellent overviews and resource guides for my work. Best SBA loan recap I've ever seen.

5
Anonymous Author
Useful information should I ever wish to apply for an SBA loan. I recommend this course.

5
Anonymous Author
Good review of the SBA loan program and included information I did not know.

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
COURSE MATERIAL
  SBA Loans: Funding and Resources for Small Businesses (Text Based Course)PDF
Course Resources
  Links to Key SBA InformationPDF
  Overview of SBA Loan ProgramsPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam