Long term loans are used to help business owners increase their fixed assets or for expansion.  They are usually easy to obtain if your business is well established and has good credit. Long term loans can be given to new businesses …

Intermediate loans are usually used for people starting their new business.  The funds are used to buy inventory, equipment, or increase your working capital to pay employees, utilities, and other business needs that come up.

Just like a lender the SBA uses basic credit factors.  Your application must have positive credit to be approved. 

These are the same credit factors a lender reviews and analyzes.  The SBA will review credit before deciding whether to internally approve your loan …