SBA Loans

Government-backed loans up to $5 million with competitive rates and extended terms. The gold standard for business financing.

$50K - $5M
Loan Amount Range
6% - 13%
Typical APR Range
30-90 days
Approval Time
10-25 yrs
Repayment Terms

What is an SBA Loan?

An SBA loan is a loan partially guaranteed by the U.S. Small Business Administration. The SBA doesn't lend money directly — instead, they guarantee a portion of the loan, reducing risk for lenders and allowing them to offer better terms.

The most popular program is the SBA 7(a) loan, which can be used for almost any business purpose. These loans offer the lowest interest rates in small business lending (often 6-13%) and the longest repayment terms (up to 25 years for real estate).

Perfect For:

  • ✓ Commercial real estate purchase
  • ✓ Business acquisition
  • ✓ Major expansion projects
  • ✓ Refinancing existing debt
  • ✓ Long-term working capital
  • ✓ Equipment and machinery

💡 Why Choose SBA?

SBA loans offer the best terms in small business financing: lowest rates, longest terms, and highest loan amounts. The trade-off is a longer approval process and more documentation — but the savings can be tens of thousands of dollars over the life of the loan.

Pros & Cons

Advantages

  • Lowest Rates: Typically 6-13% APR (prime + margin)
  • Long Terms: Up to 25 years for real estate, 10 years for equipment
  • High Amounts: Up to $5 million available
  • Lower Down Payment: As little as 10% down (vs. 20-30% conventional)
  • Flexible Use: Can be used for most business purposes
  • Build Equity: Ideal for real estate purchases

Considerations

  • Longer Process: 30-90 days for approval and funding
  • Extensive Documentation: Tax returns, financials, business plan required
  • Strict Eligibility: 680+ credit, profitable business required
  • Personal Guarantee: Always required for owners with 20%+ stake
  • Collateral Required: Business assets and/or real estate
  • Use Restrictions: Cannot use for passive real estate investment

Eligibility Requirements

Typical Requirements:

  • Credit Score: 680+ personal credit (700+ preferred)
  • Time in Business: 2+ years, must be profitable
  • Strong Financials: Positive cash flow, low debt-to-income ratio
  • U.S. Based: Operating in the United States
  • For-Profit: Must be a for-profit business

Documents Needed:

  • 📄Business tax returns (3 years)
  • 📄Personal tax returns (3 years)
  • 📄Business financial statements
  • 📄Business plan with projections
  • 📄Personal financial statement
  • 📄Resume/background on ownership

SBA Loan Experts at Your Service

The SBA application process can be complex, but we've helped hundreds of businesses secure SBA financing. We'll guide you through every step and help you compile a winning application.

Start Your SBA Application

How to Get an SBA Loan

1

Pre-Qualification

We'll review your business and financials to determine if SBA is the right fit and estimate your loan amount.

2

Document Prep

We'll help you gather all required documents and prepare a comprehensive application package that maximizes approval odds.

3

Funding

Once approved (typically 30-90 days), you'll close on the loan and receive funds. We'll support you throughout the entire process.

Start Your SBA Application →

💼 Expert guidance from start to finish | Funding up to $5 million

Frequently Asked Questions

What's the difference between SBA 7(a) and SBA 504 loans?

SBA 7(a) is the most flexible — can be used for almost any business purpose including working capital, equipment, or real estate. SBA 504 is specifically for fixed assets (real estate or large equipment) and typically offers even lower rates but more restrictions.

How long does the SBA approval process take?

The full process typically takes 30-90 days from application to funding. This includes underwriting (2-4 weeks), SBA review (1-2 weeks), and closing (1-2 weeks). Some lenders offer SBA Express loans with faster turnaround.

Do I need a down payment?

Yes, typically 10-20% down for real estate or business acquisition. For working capital or equipment, the down payment may be lower or waived depending on cash flow and creditworthiness.

What if my business isn't profitable yet?

SBA loans require demonstrated profitability. If you're pre-revenue or have losses, you'll need to wait until you have at least 2 years of profitable operations. Consider alternative financing options in the meantime.

Can I use an SBA loan to buy an existing business?

Absolutely! SBA 7(a) loans are one of the most popular ways to finance a business acquisition. You can borrow up to $5 million to purchase another company, franchise, or business assets.

Are SBA loans worth the extra time and paperwork?

If you qualify and can afford to wait 30-90 days, absolutely. The lower rates and longer terms can save you tens or even hundreds of thousands of dollars over the life of the loan compared to conventional financing.