Need funding for your small business? Learn about SBA loans.Great Lakes Credit Union, a prominent small business lender in Chicago, IL, can help you with the loan application process. The 504 loan program provides longterm, fixed rate financing for major fixed assets that promote business growth and job creation. Learn tips and tricks in this part 2 of how to prepare your documentation for the SBA 7(a) loan. Come prepared with these documents. A business loan agreement is a legal contract between a borrower and lender that defines the terms and conditions of their loan arrangement. A business loan agreement is a legal document between you and your lender, whether that's a bank, credit union, online lender or even a family member. To apply for the SBIF program, please download and fill out the application.