SBA loans
SBA Loans: Lower Rates, Longer Terms
SBA loans are partly guaranteed by the U.S. Small Business Administration, which lets lenders offer some of the lowest rates and longest terms available to small businesses. Use them for working capital, equipment, real estate or paying off higher-cost debt.
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Popular programs
- SBA 7(a): the all-purpose loan, with terms up to 10 years, or up to 25 for real estate.
- SBA 504: for buying buildings and major equipment, with long fixed-rate terms.
- SBA Express: a faster, smaller version of the 7(a).
What lenders look for
- Usually about two years in business
- Good personal credit
- Recent business and personal tax returns
- Bank statements and a clear use of funds
Need money sooner?
SBA loans take a few weeks or more to close. If you can't wait, we can bridge the gap with faster working capital and help you move to an SBA loan later.
Common questions
How long does an SBA loan take?
Often several weeks to a couple of months, depending on the program and how quickly documents come in.
Can I use an SBA loan to pay off advances?
In many cases, yes. Refinancing higher-cost debt is a common use if your business qualifies.
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