If you are a new business you may be a good candidate for an SBA loan.
Having said that however your circumstances may vary from others and it is important to understand should get one of these loans and under which circumstances.
First of all if you're looking to get funding very quickly an SBA loan may not be what you're looking for.
This institution is designed to help you obtain primary funding through mostly traditional or specialized lending institutions.
Although these loans may have low interest and fees associated with them there is a considerable amount of time which it takes to get this type of funding.
You may need to seek less traditional funding sources in the event that you need emergency funds.
Second, if you have a new and not well-established company then the SBA and their loan process may be very beneficial to you.
They can walk you through the ins and outs of setting up your businesses plan in order to put your best foot forward when seeking funding.
This can be a very useful service for those who are just starting off.
One thing to consider however is that a loan is not the only way for you to obtain the money that your business needs.
It may be that an SBA loan is not a good match because you would be better served by obtaining some form of venture capital.
In which case you want to seek out institutions which assist you in obtaining capital of this sort for your business.