SBA Loan
Encompass nearly every aspect of your small business. The most prevalent types of SBA loans include the 7(a), 504, and SBA Express.
Loan Amount
Up to $5,000,000
Loan Term
10-30 years
Time to Fund
1-2 Months After Approval
Interest Rate
Prime+
What is an SBA Loan?
An SBA loan, or Small Business Administration loan, is a type of small business loan that is partially guaranteed by the government. The SBA does not provide the loan itself, but rather sets the criteria for loans and guarantees a portion of them. This reduced risk for lenders makes it easier for small business owners to secure funding.
What are the Benefits?
SBA loans have some of the most competitive interest rates in the business lending market, as they are tied to the prime rate, which is influenced by the Federal Funds Rate set by the Federal Reserve. Since the Federal Funds Rate has historically been low (reaching as high as 16.39% in 1981), opting for an SBA loan could help you save a significant amount of money in interest.
Time in Business
2+ Years
Credit Score
600 or higher
Annual Revenue
At least $8,000