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SBA loans are small-business loans  issued by participating lenders and are partially guaranteed by the Small Business Administration. With long terms and low interest rates, getting an SBA loan is a great way to grow your business , increase working capital, purchase equipment purchases, or refinance existing debt.

 

APPLY FOR Fast SBA Loans
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AMOUNT
$30,000 - $5,000,000
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TERM
10-25 Years
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RATES
6.50% - 8.75%
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SPEED
About a month
Documentation Necessary:
  • Application
  • 3 Months Business Bank Statements
  • 3 Years Business Tax Returns
  • 3 Years Personal Tax Returns
  • Business Profit & Loss Statements
  • Business Balance Sheet
Qualifications:
  • $100,000 minimum annual revenue
  • 3+ years in business
  • 650+ credit score
  • 145+ Business Score
  • No Bankruptcies, Outstanding Liens or Judgements
Additional Information:
  • Affordable monthly payments
  • Longer payment terms
  • Lower interest rates
  • Perfect for a wide range of business

Quick SBA Loans

The U.S. Small Business Administration  was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.  The Small Business Administration is dedicated to helping Americans start, build and grow businesses.

The SBA says its average loan amount was approximately $375,000 in 2016 and the SBA approved over 68,000 loans in the 7(a) and 504 loan programs in Fiscal Year 2017.  Collectively, these two programs provided over $30 billion dollars to small businesses.

The SBA can guarantee up to 85% of loans of $150,000 or less and 75% of loans of more than $150,000. The program’s maximum loan amount is $5 million and terms can be as long as 25 years.

There are several types of loans that business can take advantage of, each developed to suit the needs of your business. The 7(a) loan program, can be used for a number of purposes including working capital, revolving funds, equipment purchases, refinance existing debt and more.

There are six different loan programs: (1) 7a Loans, (2) 504 Loans, (3) CAPLines, (4) Export Loans, (5) Microloans, and (6) Disaster Loans.

SBA Loans are document intensive and take several weeks to fund, but if you an your business has excellent credit, great cash flow and a non-immediate need for funding than an SBA loan is the perfect place to start. Contact our Capital Specialists today for advice on which program you qualify for!