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We specialize in finding you the RIGHT loan program.

You can count on SBA Right to help you find a financial loan program for you and then help automate the application process. Filling out an SBA application can be daunting, luckily SBA Right is here to help!

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In Results we Trust

The site was easy to use. After registering I was able to decipher which loan to apply and then the wizard tool made the app easy.

Leonor Kunze
Business Owner, Oklahoma City, OK

I initially tried going to SBA direct and all I found was a lot of confusing forms. I am glad there is a free tool like this to help.

Ansley Zulauf
Manager, Boston, MA

While I am still waiting on my results, I have a lot more confidence that I completed the application the right way.

Davion Gerhold
Accountant, Chicago, IL

Wow. That was easier than I thought.

Cierra Marks

I was really nervous about my business and was very confused by all the guidelines. This site helped make it approachable!

Cheyenne Stanton

It definitely felt RIGHT. Now just waiting to hear back from the SBA, yet I have confidence!

Sylvan Kovacek

We’ve pulled together some common questions from the SBA

How are women-owned ventures financed?

Women are more likely than men to start businesses without seeking financing. Female business owners, like their male counterparts, largely depend on personal finances, but they are only half as likely as men to obtain business loans from banks. This may put women-owned businesses at a disadvantage since an early relationship with a bank may be critical for future business financing. Businesses that are equally owned by men and women are more likely to use credit cards, and far more likely to put up personal assets as a source of financing (for instance, home equity).‍‍‍‍‍

How are veteran-owned ventures financed?

Veteran-owned businesses are similar to other businesses in their use of credit for startup and expansion. For example, for firm expansion, 4.5% of veterans used personal credit cards and 4.3% usedbank loans; the comparable figures for all firms were 5% and 4.5%.

How important is credit card financing to small firms?

Credit cards are used extensively, but they represent only a small portion of total finance. A recent report by the National Small Business Association shows that credit cards were one of the top three sources of short term capital used by small businesses. However, theCensus Bureau finds them to be of lesser importance for startup and expansion capital.

How much debt do small businesses carry?

63% of all small employer businesses have some debt.The amount of debt that a business carries varies with size and age. Three-quarters of firms with 50 or more employees carry debt, compared with 60% of firms with fewer than 10 employees. Younger firms tend to carry far less debt than their older counterparts.

How much capital do startups need?

Small businesses’ startup capital needs vary, and employer firms tend to use more than non employers.More than 43% of employer firms used over $25,000 in startup capital compared to only 12% of nonemployer firms. A relatively large percentage of both employers and non employer businesses used a small amount of startup financing (less than $5,000), and a sizeable share of both used no startup capital.

How do existing businesses finance expansion?

Existing businesses use similar financing vehicles as startups to finance expansion. Personal savings are themost common source of expansion finance, followed by reinvestment of business profits. The percentage of firms using expansion capital is much smaller compared with those starting new businesses.

How are new businesses financed?

Startups make heavy use of personal equity and traditional debt, with over half using their own personalsavings (Figure 2). Census Bureau data show thatemployers made greater use of financing than didnonemployers, but also continue to rely on personalsavings.Roughly 30% of new nonemployer firms and 7%of employer firms used no startup capital.‍

What percentage of small businesses use financing?

According to the National Small Business Association,73% of small firms used financing in the last 12 months.Small business financing needs vary greatly. Aboutone-quarter use no financing, and for others, the lack ofcapital causes difficulties growing the business, financing future sales, and keeping adequate inventory.

How large is the small business financing market?

Small business accounts for a significant amount ofall business borrowing. Bank loans going to smallbusinesses totaled almost $600 billion in 2015. Smallbusinesses also draw from other sources, such asfinance companies, angel capital, and venture capital.While the percentage of these funds that go to smallb usinesses is unknown, the total funding from these sources accounted for $593 billion in 2015 (Figure 1). Additional sources of small business finance include‍ personal savings, personal and business credit cards, online lending platforms, loans from family and friends, and home equity.

Why do small businesses seek financing?

Small businesses borrow for four principal reasons: tostart a business, purchase inventory, expand a business, and strengthen the firm’s financial foundation.Firms choose different means of financing dependingon the intended purpose. Small businesses’ financingoptions typically fall into two categories: debt and equity. Other unconventional sources can also play a criticalrole in meeting a firm’s financial needs.

How much debt do small businesses carry?

63% of all small employer businesses have some debt.The amount of debt that a business carries varies withsize and age. Three-quarters of firms with 50 or moreemployees carry debt, compared with 60% of firms withfewer than 10 employees. Younger firms tend to carry

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