SBA Loans
Access capital with SBA-backed financing. Purchase equipment, buildings and stock on hand.
SBA Loan Advantages
Lower down payment and longer repayment terms.
SBA-capped interest rates.
Flexible use of funds: combine working capital and real estate.
SBA offers counseling, training and resources to help businesses succeed.
SBA Lending Overview
Getting ahead as a small business isn’t without its challenges. Although small businesses make up the majority of the nation’s economy, they’re not always given the same financial treatment as the big guys. That’s why the U.S. Small Business Administration works with lenders to give small businesses a leg up. You can use an SBA loan to buy real estate, get equipment, take over another business, remodel your building, and more. We work with small business owners every day to help them get the funds they need, even if their credit score has taken a hit. SBA loans come with a capped interest rate, so you’ll never have to pay more for your loan. If you’re a for-profit company with less than $15M in annual revenue, you could qualify for $5.5 or more in SBA loans. Ask a broker to connect you with an SBA-certified lender today and get started on your business’s future.
Choose your loan
Although there are several SBA loans available, most small businesses choose one of two primary options: the SBA 7a loan or the SBA 504 loan. Both loans can be used for real estate and equipment, but only the SBA 7a can give you working capital. The working capital can be rolled into a real estate loan, so you can buy and remodel a property without using two separate loans. The SBA 504 loan offers fixed rate loans for up to 25 years for real estate and 10 years for equipment. Fees are the same percentage of the loan, no matter how much the SBA 504 loan increases. For more details about how to get an SBA loan, speak with our brokers.
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Real Estate
SBA loans help you buy, build, or remodel real estate for your small business. Choose a fixed or variable rate loan with a low minimum down payment of 10%. 20 and 25-year loan terms are available. Find out how the SBA can help you move on your next real estate deal today.
Equipment
Equipment is essential for every business from phones to forklifts. That’s why the SBA wants to help your small business get the equipment you need. Connect with an SBA-certified lender to get the best rates on your next equipment purchase. Borrow for up to 10 years at a fixed or variable rate. Ask us how!
Working Capital
Take advantage of an SBA 7a loan to get the cash boost your small business needs. Use the funds to catch up on expenses, hire more staff, and bring in new materials. You can decide how you spend the money, as long as it benefits your small business. Ask us about eligibility.
F.A.Q’s
Q. Should I get an SBA 7a or SBA 504 loan?
The loan you decide on will depend on several factors, especially the type of business you own. Sole proprietors will get different benefits from one loan while a partnership might see an advantage with another loan. Speak with a broker about your business structure and goals and we’ll match you with the right loan.
Q. How much money can I get with an SBA loan?
Your loan amount will depend on the type of loan you choose, your down payment amount, your time in business, and your credit history. The SBA portion of a 504 loan maxes out at $5.5M, but you can add funds from the lender to increase the loan. Ask us for more details.
Q. Can I get an SBA loan with bad credit?
Yes, in fact you won’t be eligible for an SBA loan unless another lender has declined your application. SBA loans are a great way for small businesses to get a second chance. Reach out to our brokers to learn more.
Q. How can I qualify for an SBA loan?
The criteria to qualify for an SBA loan are rather straight forward, but it is a process, simply due to the level of documentation required by the SBA. You’ll need the right documentation and the right kind of lender. We connect small businesses with funding every day, so we know how to navigate the application process. Let us show you how to apply now.
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