How do I know if I’m eligible for a 7(a), 504, or microloan?

In general, businesses must meet size standards, be based in the U.S., be able to repay, and have a sound business purpose. To check whether your business is considered small, you will need your business’s six-digit North American Industry Classification System (NAICS) code and three-year average annual revenue. Each program has different requirements, see the Small Business Administration’s website for more details.

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1. Which Small Business Administration (SBA) loans are eligible for debt relief under this program?
2. How does debt relief under this program work with a Paycheck Protection Program (PPP) loan?
3. How do I know if I’m eligible for a 7(a), 504, or microloan?
4. What is a 7(a) loan and how do I apply?
5. What is a 504 loan and how do I apply?
6. What is a microloan and how do I apply?
7. I am unfamiliar with SBA loans, can anyone help me apply?