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SBA Loans

Small business success takes hard work, long hours, and endless dedication. It also takes the right funding. But when other lenders don’t see your value, the SBA can back you up. Get solutions for real estate, equipment, construction, and working capital from one of our SBA-certified lenders today. 

SBA LOANS

What are SBA Loans? 

Some lenders don’t want to take a chance on a small business. If you haven’t been in business for decades or don’t bring in millions of dollars a year, you could have trouble getting a loan. While the Small Business Administration doesn’t offer loans directly to small businesses, it does work with lenders to incentivize loans. That means the Administration acts as a cosigner, offering security against loan default. This encourages lenders to offer their financial products to businesses they might otherwise decline. 

There are two main loans backed by the SBA; the 7(a) and the 504. Their uses overlap, but one distinct difference is that only the 7(a) can be used to borrow working capital. Interest rates on these loans are regulated by the SBA and have to remain below a set limit. Terms vary depending on the type of loan you pursue. To qualify, your business has to be based in the United States, make less than $5M annually, and not be an excluded business type. Some exclusions are religious organizations, casinos, and nonprofits. To learn more about how the SBA can help your small business, get in touch with our brokers today. 

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ADVANTAGES

Lower interest rates than most private lenders.

Get funded even when other lenders say no.

Flexible loan types for most business needs.

Get $5M or more in financing.

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SBA LOANS

Options

BUSINESS ACQUISITION

SBA business acquisition loans provide term loans for entrepreneurs seeking to acquire existing businesses. SBA loans provide extended terms and reasonable interest rates, making them an attractive financing option. Whether you’re a first-time business owner or an experienced entrepreneur, SBA business acquisition loans can help you fulfill your dreams of business ownership and expansion.

REAL ESTATE

Use the SBA 7(a) or 504 to fund your next property. These loans come with up to a 25-year term and fixed interest rate. If your business has less than $15M in net worth, you may qualify for an SBA loan for real estate. Ask us how.

EQUIPMENT

If you need heavy-duty machines, fleet trucks, or industrial freezers, an SBA loan can help you get them. Equipment loans come with a 10-year term and the borrowing limit is $5M. Don’t pay for equipment upfront when you can make smaller monthly payments that fit in your budget.

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FAQ
Q. Can I apply to the SBA directly?

No. The SBA doesn’t take direct loan applications. Instead, you must go through an SBA-certified lender or a Certified Development Company. We can connect you with lenders who know SBA funding inside and out so you won’t be left in the dark. 

Q. Are interest rates controlled by the SBA?

The interest rates on SBA loans are capped by the SBA. They’re based on the Prime Rate and vary depending on your type of loan and the length of the term you want. Lenders can’t charge more than the SBA’s set limits. 

Q. What's the difference between an SBA 7(a) and an SBA 504 loan?

The main difference between the two is that only the 7(a) can be used for working capital. Qualifications and eligibility for both are the same and most loan terms match up. We can help you decide which SBA loan meets your needs. 

Q. When is an SBA loan not a good fit?

The SBA has a set of strict eligibility requirements. If your business type isn’t eligible, you won’t be able to qualify for an SBA loan. You’re also ineligible if you have any overdue federal debt, like student loans. We can show you a term loan, line of credit, or factoring solution that may be a better fit. 

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