Sba Loan Relief 2024 List. The 7 (a) loan program, sba’s primary business loan program, provides loan guaranties to lenders that allow them to provide financial help for small businesses. The bank has approved $1.6 billion in 7(a) loans so far for the current fiscal.
To qualify for a disaster loan, you’ll need to meet a set of sba loan requirements that will largely vary based on your situation and the type of financing. You should have a score of at least 680 to qualify for an sba loan or a traditional bank loan, and 630 for equipment financing or business lines of credit.