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