Top SBA Loan Options for LGBTQ+ Business Owners in 2025

A thriving community is one where every voice has a chance to lead and shape the future, and LGBTQ+ entrepreneurs bring a unique perspective that drives innovation and enriches businesses for everyone.

While the SBA site does not list resources specific to LGBTQ+ business owners, resources and support options are available. SBA loan programs remain accessible, and there are trusted ways to navigate the process and find the guidance you deserve.

This guide is designed to help you understand the best SBA loan options for LGBTQ+ business owners in 2025. We’ll break down loan programs, community support, and how to prepare your application with confidence.

SBA Loans for Business Owners: Your Core Funding Options

While there are not SBA loans exclusively for LGBTQ+ business owners, as your financial institution our intent is to connect you with the available options that best fit your business goals. Whether you’re opening your first storefront, expanding a franchise, or launching a professional services firm, we want to ensure you understand obtainable lending options when you need to access reliable capital.

The Top SBA Loan Programs Available

• SBA 7(a) Loans: Ideal for working capital, equipment, inventory, and refinancing debt, this flexible loan is often the go-to for small business owners.
• SBA 504 Loans: Designed for long-term investments like real estate or large equipment.
• Microloans: Best for newer businesses or entrepreneurs seeking up to $50,000 to get started.

SBA loan programs are available to all qualifying entrepreneurs and small business owners, regardless of background or identity. Our role as your financial partner is to help you access the capital and resources that align with your vision so your business can thrive on your terms.

LGBTQ+ Small Business Resources to Guide You

Even without dedicated information from the SBA, there are many trusted resources that can support you on your small business journey, from personalized guidance to funding opportunities and networking.

Tap into SBA-Affiliated Resources

1. Small Business Development Centers (SBDCs): Offer free one-on-one business consulting and training. Many are known for fostering inclusive and welcoming environments.
2. Women’s Business Centers (WBCs): While primarily focused on supporting women entrepreneurs, these centers often serve a diverse population and may have resources helpful to LGBTQ+ founders.
3. SBA District Offices: Your local office can help you connect with SBA Preferred Lenders, like Quaint Oak Bank, and offer guidance on navigating loan options.
4. Community Banking Partner: Partnering with a bank that understands your business and values your identity, like Quaint Oak Bank, can make the SBA loan process far less daunting.

Find Community Organizations Supporting LGBTQ+ Entrepreneurs

These community-based and national organizations offer mentorship, funding, and visibility to help your business grow:

1. National LGBT Chamber of Commerce (NGLCC): Offers resources and mentorship including certifying LGBT Business Enterprises (LGBTBEs), which can unlock government contracting and supplier diversity opportunities.
2. Founders First CDC Pride Grant: This grant program supports LGBTQ+ small business owners leading employer-based businesses with the potential to grow and create jobs. Offered annually during Pride Month, it provides not only funding but also access to business accelerator programs.
3. Independence Business Alliance: Connects LGBTQ+ businesses, professionals, and allies in the Greater Philadelphia area by providing resources and expanding economic opportunities through collaboration with members and partner.
4. TransWork | Economic Opportunity for Philly-Area Trans Communities: Joins transgender and non-binary professionals with inclusive employers and business resources through the Independence Business Alliance.
5. Local LGBTQ+ Chambers of Commerce: Community organizations may provide networking opportunities, business training, and visibility for local LGBTQ+-owned businesses.

Tapping into these resources can expand your support network, open doors to new opportunities, and build confidence as you grow.

Choose an SBA Lender Who Supports Your Vision

Choosing the right business banking partner can have a significant impact on your loan experience. When searching for an SBA lender, looking for:

• A community-focused or DEI-committed institution
• A relationship-based institution that prioritizes service, responsiveness, and personalized solutions
• Referrals from trusted networks to learn from their lending experiences.

Quaint Oak Bank is proud to be a community-focused SBA Preferred Lender offering personalized support and strategic solutions to help all qualifying small business owners thrive.

Steps to Strengthen Your SBA Loan Application

Whether you’re applying for an SBA 7(a) loan or another program, it’s important to set your application up for success. Lenders will look closely at your financial history, business plan, and ability to repay, so being organized and informed makes a big difference.

Gathering key documents early and understanding eligibility requirements can help prevent delays and improve your confidence throughout the process. You can learn more about preparing for your application by reading, “Starting Your SBA 7(a) Application: What You Need to Know.“

You Deserve a Lender Who Sees the Full Picture

Your identity, your community, and your vision all matter. At Quaint Oak Bank, we believe that inclusive banking leads to stronger businesses and better outcomes. Whether you’re applying for your first SBA loan or preparing for your next phase of growth, we’re ready to help you move forward with clarity and confidence. Let’s build something together.

Where can I find SBA-aligned support as an LGBTQ+ entrepreneur?

Local SBDCs, Women’s Business Centers, and SBA district offices are valuable resources for personalized guidance and mentorship.

Does my business need to be certified as an LGBT Business Enterprise (LGBTBE)?

No, certification is not required to apply for an SBA loan. However, becoming certified through organizations like the NGLCC can open doors to additional opportunities, including supplier diversity programs and targeted grant funding.

I have already received support from a grant, does that disqualify me from SBA financing?

Not at all. Receiving a grant does not disqualify you from SBA loans.

What documents do I need to apply for an SBA loan?

You’ll typically need tax returns, a business plan, financial projections, and basic business documentation. A relationship manager can walk you through the full checklist.

Can I mention my LGBTQ+ identity in my business loan application?

While it is not required, incorporating your story, especially if your business serves or impacts the LGBTQ+ community, can help contextualize your mission and values.