Whether you need working capital, financing for commercial real estate, or funding for equipment, SBA-backed loans may offer flexible options to support your business goals.
Explore the SBA Loan Program, compare loan types and understand eligibility to find the right financing solution for your business.
The SBA Loan Program helps small businesses access capital through loans issued by participating lenders and backed in part by the Small Business Administration.
Because the SBA guarantees a portion of the loan, SBA financing may provide more flexibility than some conventional business loans for qualified borrowers.
Cathay Bank offers SBA financing options designed to support different business goals—from managing cash flow to investing in long-term growth.
A flexible, general-purpose loan designed to support a wide range of business needs
Learn More About SBA 7(a) Loans
A structured financing solution for major, long-term investments in your business
Learn More About SBA 504 Loans
Smaller funding amounts designed to help businesses get started or manage near-term needs
SBA loans can support a wide range of business activities, depending on the program you choose. These may include improving cash flow, investing in property or equipment, expanding operations or strengthening your financial position over time.
Not sure which option fits your needs? Cathay Bank can help you evaluate the right path forward.
Eligibility depends on the loan program, SBA guidelines and lender review.
In general, qualified applicants may need to:
Lenders may also review:
Because every application is different, requirements vary based on the borrower and loan structure.
Cathay Bank helps guide business owners through each stage of the SBA loan application process.
Discuss your business goals and financing needs with a Cathay Bank lender to identify the right SBA loan option. This helps ensure you start with a solution that aligns with your timeline and priorities.
Gather key documents, including financials, tax returns and ownership details, to complete your application. Your lender can guide you on exactly what’s needed to keep the process moving smoothly.
Cathay Bank evaluates your application, business performance and ability to repay the loan. We may ask follow up questions or request additional information at this stage.
The SBA may review or authorize the loan, depending on the program and structure. Some loans move faster through delegated programs, while others require additional review.
After final approvals, documents are signed and the loan funds are released. At this point, you’ll have access to the capital needed to support your business.
Timing can vary based on the loan type, documentation and overall complexity of the request.
Eligible borrowers are generally for-profit businesses operating in the United States that meet SBA size standards and lender requirements.
The main SBA loan types include SBA 7(a) loans, SBA 504 loans and SBA Microloans. Each is designed for different business financing needs.
SBA loans may be used for working capital, real estate, equipment, business acquisition and certain refinancing needs, depending on the program.
The SBA does not set a single minimum credit score for all loans. Lenders review credit as part of the overall application.
Loan amounts vary by loan program, financing purpose and borrower qualifications.
Requirements vary, but lenders often request tax returns, financial statements, business details and ownership information.
Some SBA loans may require collateral or a down payment, depending on the loan type and borrower profile.
If you’re exploring financing options for your business, Cathay Bank can help you review available SBA loan programs and next steps.
