Sponsored Content

What is an SBA loan?

Sponsored by
BankofCentralFlorida_3.14.23_TBAY/LAL

J. Kevin Riffey has specialized in SBA Lending since 1997 and is experienced in establishing SBA programs.

Photo provided by Bank of Central Florida

SBA loans are business loan programs administered by the U.S. Small Business Administration, with two primary programs:

  • 7a — used for a wide range of financing
  • 504 used for long-term asset acquisition + refinancing

Have we lost you in the lingo? Bank of Central Florida’s SBA team can help — thanks to decades of experience processing SBA loans.

Bonus: Since Bank of Central Florida is a community bank, all underwriting, decision making + processing is done locally, which means money in your pocket faster. 💸 *

FIND OUT IF YOU QUALIFY

More from LALtoday
Did your neighborhood make the list?
It’s the sweetest time of year — the Florida Strawberry Festival is back. Save our guide so you don’t get in a (strawberry) jam.
Bookmark this guide for a curated list of events taking place each month that we’re most looking forward to.
Be a tourist in your own hometown with three passes that give you prizes in return for check-ins.
Burgers, beignets, and beverages — find out what’s on the menu at this new restaurant from the owners of LoveBird.
The library will fully close for the construction of new bathrooms, an updated layout, and new fixtures.
Lakeland’s aviation industry is reaching new heights. Become part of it by earning your pilot’s license with this flight school, located at Lakeland International Airport.
Put your money where your community is and help us create a guide to small businesses by submitting your favorite local spots and sharing this page with a friend.
The 90th season of this beloved Lakeland tradition is underway at Joker Marchant Stadium — here’s everything you need to know if you’re planning to attend.
The City of Lakeland laid out a new timeline for this ongoing project’s design and construction, plus updated renderings of how it could look when complete.