SBA 7(a)
A broader range of business purposes.
Eligible uses can include operating capital, acquisitions, equipment, property, and certain refinancing. Participating lenders review the business, use of proceeds, and ability to repay under program requirements.
Explore SBA 7(a) ↗SBA 504
A focus on major fixed assets.
504 is designed for eligible business facilities and long-lived equipment. It is not a program for ordinary working capital or inventory. A project generally involves a senior lender, a Certified Development Company, and borrower equity.
Explore SBA 504 ↗EXPRESS & STREAMLINED PATHS
Know what “faster” refers to.
SBA Express involves an accelerated SBA response process through participating lenders. That response does not guarantee immediate lender approval or funding. SBA Bolt is a lender-offered streamlined path, with availability and requirements that vary.
Your financing purpose, business profile, transaction structure, and lender determine which path may fit. An advisor can help you prepare for that review.
References: SBA 7(a), SBA 504, Types of 7(a) loans. Reviewed October 15, 2026.