SBA Loan

Loan programs guaranteed by the Small Business Administration. The programs vary based on the use of proceeds and business stage of the borrower

Highlights

  • Loan Amount

    Loan amount varies by program. Typically loan programs cap at $250,000 with exception of the 7(a), 504 and Veterans Advantage programs capping at $5,000,000

     

    $5,000-$250,000

  • Payment Frequency

    One principal + interest payment per month over the term of the loan

     

    Monthly

  • Loan Term

    Length of payment period

     

    5 – 25 Years

  • Interest Rate

    Interest rate varies by SBA program

     

    6% – 13%

  • Time To Fund

    Time to funding will depend on SBA loan program, document readiness of business owner, and lender’s SBA loan process

     

    2 – 6 months

  • SBA Programs

    7(a) Loans

    504 Loans

    Non-7(a) Microloans

Learn the Good & the Ugly
PROS
  • Most affordable loan available in the market
  • Stable monthly payments
  • Long loan term up to 25 years
CONS
  • Time consuming process with 30-50% certainty of funding
  • Lots of paperwork required
  • “High quality” collateral may be required, including lien on personal assets
See What you need to qualify

Check All Boxes and Get Started.

Profit & Loss Statement, Cash Flow Statement and Balance Sheet. Financials from certified accountant or bookkeeper may be required

 

 

Net profit is defined as Ordinary Business Income (Loss) as reported on tax return