The SBA delivers an up-front commitment to fund a project. With the SBA backing the loans, the lenders' risk is reduced in order that they can take an opportunity on borrowers who might be unable to to receive a conventional small business loan. The SBA won't deny financing for insufficient collateral, but it is going to require the borrower to provide whatever collateral they are able to. In addition, the SBA doesn't guarantee the full quantity of the loan. After making your primary application, be ready to have the SBA ask for additional details. For instance, the SBA attempts to fund disaster loans as fast as possible.