SBA 504 loans and SBA 7(a) loans are both types of business loans that are guaranteed by the U.S. Small Business Administration (SBA). The loan amounts, terms, and permissible uses vary for each of these programs. You’re more likely to use an SBA 7(a) loan for working capital or business expansion, and an SBA 504…

Priyanka Prakash writes for NerdWallet. Email: articles@nerdwallet.com.

The article SBA 504 vs. 7(a) Loan Comparison: What Are the Differences? originally appeared on NerdWallet.

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