SBA Loans Need Cash, but you don't know how to get it. Based on government standards, a business is considered small based on its number of employees or revenue. The standards vary depending upon the industry and nature of the business. For example, a manufacturing company can be considered small with as many as 1,500 employees, although the limit may be 500 in some fields. A wholesaler may not have more than 100 employees.
Retailers have similar limitations.
It is a common myth that borrowers must first be turned down by a lender before they can apply for a SBA loan. There are two major SBA loan programs available to help small business obtain loans. They are the SBA 7A Guaranty Loan Program and the SBA 504 Guaranty Loan Program. The 7A Guaranty Loan Program can be used for a variety of purposes. These purposes include short-term needs such as inventory purchases, contract financing, and working capital.