SBA Loans

Government-backed loans with competitive rates and terms

What is an SBA Loan?

SBA (Small Business Administration) Loans are partially guaranteed by the U.S. government, making them less risky for lenders and more accessible for small businesses. These loans offer competitive interest rates, longer repayment terms, and larger loan amounts - from small loans to up to $5.5 million.

SBA loans are ideal for established businesses seeking significant capital for expansion, real estate purchases, equipment acquisition, or refinancing existing debt at better terms.

💡 Perfect For:

Established businesses seeking long-term financing for expansion, real estate purchase, major equipment, or refinancing debt at lower rates.

Advantages & Considerations

✓ Advantages

  • Competitive interest rates (typically 6-13%)
  • Long repayment terms (up to 25 years)
  • Loan amounts up to $5.5 million
  • Lower down payment requirements
  • Government backing reduces lender risk
  • Can be used for various business purposes
  • Builds business credit history
  • Potential for lower monthly payments

⚠ Considerations

  • Longer approval process (several weeks)
  • Extensive documentation required
  • May require 10-20% down payment
  • Collateral often required
  • Personal guarantee typically needed
  • Strict qualification requirements
  • Higher credit score needed (680+)
  • Not suitable for urgent funding needs

Qualification Requirements

  • Credit Score: Minimum 680 FICO score (higher is better)
  • Time in Business: Typically 2+ years of operation
  • Revenue Requirements: Strong revenue and profitability history
  • Tax Returns: Business and personal tax returns (2-3 years)
  • Financial Statements: Profit & loss, balance sheet, cash flow
  • Business Plan: Detailed business plan may be required
  • Legal Documents: Business licenses, articles of incorporation
  • Collateral: Assets to secure the loan

Types of SBA Loans

SBA 7(a) Loan

Most common. Up to $5 million for working capital, equipment, real estate, refinancing.

SBA 504 Loan

Up to $5.5 million for real estate and major equipment purchases.

SBA Microloan

Up to $50,000 for startups and small businesses needing smaller amounts.

SBA Express

Up to $500,000 with faster approval process (36-48 hours).

Common Uses for SBA Loans

  • Purchase commercial real estate or business property
  • Refinance existing business debt at better rates
  • Buy major equipment or machinery
  • Business expansion and growth initiatives
  • Acquire another business
  • Working capital for established businesses
  • Construction or renovation projects

How Does It Work?

1. Pre-Qualification: Determine which SBA loan program fits your needs.

2. Gather Documents: Prepare extensive financial and business documentation.

3. Submit Application: Complete detailed application with supporting documents.

4. Underwriting: Lender reviews application and SBA provides guarantee.

5. Approval & Funding: Receive approval and funding (process takes several weeks).

Key Benefits for Your Business

  • ✓ Loan amounts from $50,000 to $5.5 million
  • ✓ Competitive interest rates (6-13%)
  • ✓ Repayment terms up to 25 years
  • ✓ Lower down payment options
  • ✓ Government-backed security
  • ✓ Build strong business credit

Ready to Apply?

Get started with your SBA loan application today

Apply Now