Cheaper money to check first.

You can draw money up to a limit, pay it back and draw again. Interest is usually charged only on what you have drawn.

Good for: Uneven cash flow, slow seasons, repairs and restocking.

Know this: Banks and credit unions offer them. The SBA 7(a) program also includes lines of credit, called CAPLines.

Source:SBA: 7(a) loans (opens in a new tab)

The SBA's main loan program. A bank, credit union or other lender makes the loan and the SBA backs part of it.

Good for: Working capital, equipment, buying real estate and refinancing some business debt.

Know this: Lenders want more paperwork than a fast online offer. Start early.

Source:SBA: 7(a) loans (opens in a new tab)SBA: Loans overview (opens in a new tab)

Long-term financing for major fixed assets, made with a lender and a Certified Development Company.

Good for: Buying or improving buildings and land, and long-life equipment.

Know this: It is not for working capital or inventory.

Source:SBA: 504 loans (opens in a new tab)

Smaller loans made through nonprofit, community-based lenders that often also offer business coaching.

Good for: Newer or smaller businesses that need a modest amount.

Know this: Each community lender sets its own requirements.

Source:SBA: Microloans (opens in a new tab)

A loan or lease to buy equipment. The equipment itself usually secures it.

Good for: Vehicles, machines, kitchen gear and other equipment with a useful life longer than the loan.

Know this: Banks, credit unions and equipment sellers offer it. The SBA 7(a) and 504 programs can also be used for equipment.

Source:SBA: 7(a) loans (opens in a new tab)SBA: 504 loans (opens in a new tab)

Community Development Financial Institutions are lenders certified by the U.S. Treasury's CDFI Fund to serve places and people mainstream lenders often miss.

Good for: Owners a bank turned down, rural businesses and newer businesses.

Know this: Many also offer free coaching.

Source:U.S. Treasury CDFI Fund (opens in a new tab)