High Point is a city located in the Piedmont Triad region of the state of North Carolina. As of the 2010 census, the city had a total population of 104,371, with an estimated population of 108,629 in 2019. High Point is known for its furniture and textile manufacturing industries, as well as its role in the American Civil War. The city is also home to High Point University, a private university with over 4,000 students.
The economy of High Point is largely based on manufacturing, with furniture and textile manufacturing being the two largest industries in the city. Other notable industries in High Point include transportation, warehousing, and distribution. High Point is also home to a number of small businesses, many of which are located in the downtown area.
The downtown area of High Point is home to a number of small businesses, including restaurants, shops, and art galleries. The High Point Museum is also located downtown, and is a popular tourist destination. Downtown High Point is also home to the High Point Theatre, which hosts a variety of events throughout the year.
Comparing SBA loan types in High Point
Three SBA programs come up most often for High Point, North Carolina 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 High Point
An SBA 7(a) loan made to a High Point, North Carolina 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.