SBA Loans
Access government-backed small business loans with favorable terms, lower down payments, and longer repayment periods than conventional financing options.
Benefits
Lower down payments than conventional loans (typically 10-20%)
Longer repayment terms (up to 25 years for real estate)
Competitive interest rates due to government guarantees
Multiple programs for different business needs (7(a), 504, Microloans)
Can be used for a wide variety of purposes including real estate, equipment, and working capital
No balloon payments or prepayment penalties (for most loan terms)
Eligibility Requirements
For-profit business meeting SBA size standards
Operational in the U.S. or its territories
Owner has invested equity in the business
Demonstrated need for financing and ability to repay
Good character and credit history (typically 650+ credit score)
Cannot have been declined for conventional financing on reasonable terms
1
Pre-Qualification
Initial assessment of eligibility and loan options based on your business profile
2
Application & Documentation
Comprehensive application process with financial statements, business plans, and projections
3
Underwriting & Approval
SBA and lender review with typical approval timelines of 30-90 days before funding
Frequently Asked Questions
What's the difference between SBA loan programs?
The 7(a) program is the most flexible and common, for general business purposes. The 504 program is specifically for major fixed assets like real estate and equipment. Microloans are smaller amounts (up to $50,000) for startups and very small businesses.
Does the SBA provide the loan directly?
No, the SBA doesn't lend directly in most programs. Instead, it guarantees a portion of loans made by participating lenders (like banks and credit unions), reducing their risk and encouraging them to lend to small businesses.
How long does the SBA loan process take?
The SBA loan process typically takes 30-90 days from application to funding, though the SBA Express program can be faster (about 30 days) for smaller loan amounts.
What are typical SBA loan terms?
Interest rates are typically Prime + 1-2.75% based on loan size and term. Repayment terms range from 7-10 years for working capital, up to 10 years for equipment, and up to 25 years for real estate. Down payments are typically 10-20%.
Ready To Apply?
Get started with your SBA Loan application today and take the first step toward growing your business.
We provide streamlined business funding solutions tailored to your company's specific needs and goals.
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