A general loan may suit your business's needs best, but the 7(a) program also offers several specialized loans. The LowDoc Program promises quick processing for amounts less than $100,000. "LowDoc" stands for "low documentation," and approval relies heavily on your personal credit rating and the business's cash flow. "The LowDoc is probably the closest you'll get these days to a good, old-fashioned character loan," says Al Stubblefield of the SBA. That fact, combined with the favorable interest rates, fees and maturity terms offered by the SBA, makes the LowDoc an unusually good deal in today's loan marketplace.