The U.S. Small Business Administration helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need.

Several SBA loan programs are available. The SBA's primary business loan program is the "7(a) loan". It provides loan guaranties to lenders that allow them to provide financial help for small businesses with special requirements. These loans can be used for:

• Acquiring, refinancing, or improving real estate and buildings
• Short- and long-term working capital
• Refinancing current business debt
• Purchasing and installation of machinery and equipment, including AI-related expenses
• Purchasing furniture, fixtures, and supplies
• Changes of ownership (complete or partial)
• Multiple purpose loans, including any of the above

The maximum loan amount for this SBA program is $5 million. Key eligibility factors are based on what the business does to receive its income, its credit history, and where the business operates.