Hialeah is a city located in Miami-Dade County, Florida. As of the 2010 census, Hialeah has a population of 224,669. Hialeah is the sixth-largest city in the state of Florida. Hialeah is a principal city of the Miami metropolitan area, which was home to an estimated 6,012,331 people at the 2015 census.
Hialeah is located near the Miami International Airport, the Port of Miami, and several major highways, which makes it a prime location for businesses. The city's main industries include manufacturing, retail, and transportation. Hialeah is also home to a large number of small businesses.
The city of Hialeah has a strong economy, and the small businesses in the city play a significant role in the city's economy. Small businesses in Hialeah account for a large percentage of the city's businesses, and they employ a significant number of the city's residents. Hialeah's small businesses are a vital part of the city's economy, and they contribute to the city's overall economic health.
Comparing SBA loan types in Hialeah
Three SBA programs come up most often for Hialeah, Florida businesses, and they do different jobs.
SBA 7(a) loan: program overview
Maximum loan
$5 million (sba.gov, fetched 2026-07-24)
What it funds
Working capital, equipment, owner-occupied commercial real estate, refinancing business debt, and business acquisition.
Who lends
Participating banks and non-bank lenders. The SBA guarantees a portion of the loan; it does not lend directly to borrowers.
Rate structure
Negotiated between lender and borrower, capped at the SBA maximum. Most 7(a) loans price off the WSJ prime rate plus a spread.
Personal guaranty
Required from every owner of 20% or more of the business (13 CFR 120.160(a)).
Program facts confirmed against sba.gov/funding-programs/loans/7a-loans on Jul 24, 2026. Confirm current fees and maximum rates with your lender before relying on them.
SBA 504 loan: program overview
Maximum loan
$5.5 million per the SBA-backed debenture (sba.gov, fetched 2026-07-24). Total project size can be larger because a bank funds the first mortgage alongside it.
What it funds
Major fixed assets: owner-occupied commercial real estate and long-life machinery and equipment. Not working capital or inventory.
Structure
A conventional first-mortgage lender, a Certified Development Company holding the SBA-backed second, and a borrower down payment.
Rate
The CDC portion is fixed for the full term and set at the monthly debenture sale.
Program facts confirmed against sba.gov/funding-programs/loans/504-loans on Jul 24, 2026.
SBA Express: program overview
What it is
A delivery method inside the 7(a) program. The lender uses its own forms and procedures and gets an accelerated SBA response, in exchange for a lower SBA guarantee percentage than Standard 7(a).
What it funds
The same uses as 7(a), including revolving lines of credit, which Standard 7(a) term loans do not offer.
Trade-off
Faster turnaround and lighter paperwork, against a smaller guaranteed portion, which some lenders price for.
Current SBA Express maximum loan size and guarantee percentage are set by SBA notice and change. Confirm them on sba.gov or with your lender; this site does not publish an unverified figure.
Small business loans available in Hialeah
An SBA 7(a) loan made to a Hialeah, Florida business is made by a participating lender, not by the SBA.
The lender underwrites it, sets the rate within the SBA maximum, and services it. What varies locally is
which lenders are active, not the program rules.