● Funded Amount up to $5 million
● Terms 10-30 years
● Interest As low as 4%
● Funding Timeline 1-3 months after approval

What do you need to qualify?

● Must have a for profit business in the US
● Must have owner equity to invest
● Must show reasonable efforts to find funding before applying for the SBA

What is it?

SBA Loans or small business administration loans are government backed loans that can go as high as $5 million. There are two main types of sba loans. The first is the SBA 7(a) loan. Use this loan for working capital needs such as payroll or debt refinancing. The second is the SBA 504 loan. This loan is used for purchasing large assets such as land, commercial real estate or heavy machinery. SBA loans take longer to come in. We can help you get this kind of funding. However, don’t expect to get an answer within a few days like you would with some of our other programs.

What are the benefits?

SBA loans are a great source of cheap capital and longer terms. The 7(a) loans offer an APR of 5.75-8.25% variable and 8.5-11.5% fixed. The term length for this loan ranges from 5-10 years. The 504 loans offer a 4.63% APR with a 10 year term and 4.51% APR with a 20 year term. The SBA is very lenient with the amounts that they can give you – going as high as $5 million.

How can I qualify?

To qualify for an sba loan, you must be a for profit business that operates in the US. You must have reasonable equity in the business to invest. Additionally, the business owner must have used alternative forms of financing before applying for the sba. This may include applying for other types of loans and using personal capital. To receive funds, any business owner with more than 20% equity in the business, typically, must sign an unlimited personal guarantee. While the business owner’s personal financials do not factor into the underwriting process for any of our programs, the sba will require you to fill out a personal financial statement that will help determine your eligibility.