PROGRAM OBJECTIVES:
To provide guaranteed loans to small businesses which are unable to obtain financing in the private credit marketplace, but can demonstrate an ability to repay loans granted. Guaranteed loans are made available to low-income business owners or businesses located in areas of high unemployment, nonprofit sheltered workshops and other similar organizations which produce goods or services; to small businesses being established, acquired or owned by handicapped individuals; and enable small businesses to manufacture, design, market, install, or service specific energy measures. The SBA's 7(a) lending authority includes: 1) the Low Documentation Loan Program (Low Doc); 2) the Cap Line Program; 3) FA$ TRAK Program, formerly the Small Loan Express; 4) the Women's Prequalification Program; and 5) Minority Prequalification Program.

ELIGIBLE FUNCTIONAL CATEGORIES:
1. BUSINESS AND COMMERCE;
- Small Business;

WHO CAN BENEFIT FROM THIS PROGRAM:
- Small business;
- Private non-profit institution/organization;
- Quasi-public non-profit organization;
- Industrialist/Business Person;
- Small Business Person;
- Handicapped;
- Low Income;

WHO CAN APPLY:
- Small business (less than 500 employees);