SBA Loans Report Small Business Administration (SBA) LoansThe SBA has various loan programs to assist small businesses. SBA is primarily a guarantor of loans made by private and other institutions and does not offer loans directly to small businesses. Richardson-area banks that offer SBA-guaranteed loans:Bank of Texas333 W. Campbell Rd. Ste. 200Richardson, TX 75080Contact: Lisa AutryPh: 214-575-1928 Comerica Bank910 E. Campbell Rd.Richardson, TX 75081Contact: Lupe GaldamezPh: 214-570-7990Pioneer Bank1755 N. Collins Blvd., #100Richardson, TX 75080Contact: Melody TerryPh: 469-441-1283Southwestern National Bank1131 N. Jupiter Rd.Richardson, TX 75081Ph: 972-301-5996Frost National bank700 E. Cambell Rd, #300Richardson, TX 75081Contact: Ken PresleyPh: 214-515-4735SBA 7(a) Loan ProgramOffered to a variety of small businesses, 7(a) loans are the most basic and most used type loan of SBA's business loan programs. The loans are offered up to $2,000,000. The maximum dollar amount the SBA can guarantee is generally $1.5 million. To be considered for financing under SBA’s7(a) loan program, a business must:Meet SBA size standardsBe "for-profit"Have no internal resources (business or personal) to provide financingBe able to demonstrate repayment SBA 504 Loan Programs504 loans provide long-term, fixed-rate financing to small businesses to acquire real estate, machinery or equipment for expansion or modernization. Typically, a 504 project includes a loan secured from a private-sector lender with a senior lien, a loan secured from a CDC (funded by a 100% SBA-guaranteed debenture) with a junior lien covering up to 40% of the total cost, and a contribution of at least 10% equity from the borrower.SBA Patriot Express InitiativePatriot Express Pilot Loan Initiative is for veterans and members of the military community wanting to establish or expand small businesses. Eligible military community members include:VeteransService-disabled veteransActive-duty service members eligible for the military’s Transition Assistance ProgramReservists and National Guard membersCurrent spouses of any of the aboveWidowed spouse of a service member or veteran who died during service or of a service-connected disabilitySBA and its resource partners are focusing additional efforts on counseling and training to augment this loan initiative.