Although a type of business loan, the borrower is normally an individual or small number of individuals who become responsible for the debt should the company enter bankruptcy. The US Small Business Association currently has almost 370,000 outstanding 7(a) and 504 loans totaling approximately $68 billion. Small business loans are also managed by private institutions, but this number is not reliably tracked.
SBA Loans Oustanding (As of 2/28/09)
7(a) – 317,358 loans, $45.93 billion
504: - 52,217 loans, $22.08 billion
More information on these types of SBA loans