SBA Loan

The loan program that serves the needs of small businesses

Designed specifically to help small business owners to succeed, the SBA loan is structured so that the borrowing burden is shifted away from the small business owner. Instead of providing the cash themselves, the SBA guarantees a portion of the loans (up to 75%), issued by participating lenders.

Features

Max Loan Amount
$5,000 to $5.5 Million
Term
5-25
years
Rates
Prime + Spread
Speed
30-90 days

On top of the assurance given by the SBA, the loans have a monthly payment structure and offer fixed interest rates. Making it a fan favorite among small businesses.

Types of SBA Loans

The SBA provides small businesses with several types of loan. Each with its own purpose and fit.
The 7(a) Loan
Loan amount up to $5 Million
Process through banks, credit unions, and specialized lenders
Express 7(a)
Accelerated turnaround time, with the SBA responding within 36 hours
Loan amount up to $350,000 with maximum SBA guarantee of 50%.
504 Loan
Loan amount of up to $5 Million
Processed through private-sector lenders and nonprofits
Microloan
Loan amount of up to $50,000
Processed through community-based nonprofits
Disaster Loan
Loan amount of up to $2 Million
Processed through the SBA

Getting Qualified

The SBA loan is one of the more accessible loan programs, that will consider small business owners who are not seen as ideal candidates by traditional lenders. As such, it’s strongly advised that your business can show a strong track record as a responsible borrower

Application Process

The loan application can be paperwork intensive and time consuming but our application platform simplifies it. To speed up the process, having the following documents ready prior to uploading them:

Last year’s business tax returns
YTD Financial Statements
Debt schedule

There’s a simpler way to access the funds you need

Apply Now