SBA Loans for Small Businesses
SBA-backed financing can help you secure longer terms, lower down payments, and competitive rates for growth, expansion, and working capital.
What Is an SBA Loan?
An SBA loan is issued by a participating lender and partially guaranteed by the U.S. Small Business Administration. That guarantee reduces lender risk and may improve terms for qualified borrowers.
- Longer repayment terms than many online loans
- Lower down payment options for select programs
- Can fund working capital, equipment, or real estate
How to Qualify
- Time in business: Most lenders prefer 1-2+ years in operation.
- Credit profile: Strong personal and business credit helps.
- Cash flow: Lenders review DSCR, revenue trends, and debt load.
- Use of funds: Must align with eligible SBA purposes.
- Documentation: Business financials, tax returns, and legal docs are standard.
Main Types of SBA Loans
SBA 7(a)
Flexible program for working capital, refinancing, expansion, and business acquisitions.
SBA 504
Designed for owner-occupied commercial real estate and major fixed asset purchases.
SBA Microloan
Smaller funding amounts for startups and early-stage businesses needing modest capital.