SBA loans
SBA loans have some of the longest terms and lowest rates available to small businesses. There’s more paperwork, so we help you prepare a complete application.
At a glance
Amount
Up to $5M
Term
Up to 25 years
Funding speed
Usually 30–90 days
Payments
Fixed, monthly
How an SBA loan works
The SBA guarantees part of the loan, which lets lenders offer better terms. The most common programs are 7(a) loans for working capital, equipment and acquisitions, and 504 loans for real estate and major equipment.
Expect to provide business and personal tax returns, financial statements and a plan for how you’ll use the funds. Your advisor gives you a checklist and reviews everything before it’s submitted.
Good for
- Buying commercial real estate
- Buying a business or a partner’s share
- Long-term working capital
- Refinancing debt at a lower rate
Is it right for you?
A good fit if
- You can wait a few weeks for funding
- You have good credit and 2+ years in business
- You want the lowest payment possible
Consider another option if
- You need money within days: business term loans
- Your business is less than two years old: revenue-based financing
What you’ll need to apply
Have these ready and the application takes about 10 minutes.
- Business and personal tax returns for the last 2–3 years
- A year-to-date profit and loss statement and balance sheet
- Business bank statements from the last 3 months
- A government-issued photo ID
- A list of your current business debts
Typical minimums
Time in business
2 years or more
Credit score
650 or higher
Cash flow
Steady and documented
Requirements vary by product. An advisor can tell you what you qualify for.
Questions about SBA loans
Don’t see your question? Call (866) 451-9260.
How long does an SBA loan take?
Most SBA loans take 30 to 90 days from application to funding, depending on the program and how quickly documents come in.
Who qualifies for an SBA loan?
Requirements vary by lender and program. Most look for good personal credit, at least two years in business and steady cash flow.
Does the SBA lend the money directly?
No. The SBA guarantees loans made by approved lenders. We help you prepare your application and get it in front of the right lender.
Other ways to fund your business
Business term loans
One lump sum, repaid in fixed payments over a set term.
Amount
$25K–$5M
Term
1–5 years
Funding
As soon as 2 business days
Business line of credit
Draw funds when you need them and pay only on what you use.
Amount
$10K–$500K
Term
Revolving
Funding
As soon as 24 hours
Equipment financing
Buy or lease the equipment your business runs on.
Amount
$10K–$5M
Term
1–7 years
Funding
As soon as 2 business days
Revenue-based financing
An advance on future sales, repaid as a share of revenue.
Amount
$5K–$2M
Term
3–18 months
Funding
As soon as 24 hours
Talk to a funding advisor
Get answers about your options with no obligation. We’ll explain every offer in plain language.