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SBA Loans

Government-backed small business loans with the lowest available rates and longest repayment terms. Backed by the U.S. Small Business Administration for qualifying businesses.

See What I Qualify For  →

No credit impact · Takes less than 2 minutes · Free to apply

Up to $5.5M
Loan Amount
Lowest
Available Rates
Up to 25 yrs
Repayment Term
30–90 days
Approval Timeline

The gold standard of small business financing

SBA loans are business loans partially guaranteed by the U.S. Small Business Administration, a government agency dedicated to supporting small business growth. Because the government backs a portion of the loan, lenders can offer lower interest rates and longer repayment terms than conventional business loans.

The most popular SBA program is the 7(a) loan, which provides up to $5 million for a wide range of business purposes. The SBA 504 loan is designed for major fixed assets like real estate and heavy equipment, and can reach up to $5.5 million. SBA Microloans offer up to $50,000 for small businesses and startups.

SBA loans come with the best rates and longest terms in the market, but they also require more documentation, stronger financials, and a longer approval process. They are ideal for established businesses making significant, long-term investments.

A short application is all it takes to find out whether you qualify, which SBA program fits your situation, and what rates and terms you can actually get, before committing to anything.

Quick Facts

Loan Programs
7(a), 504, Microloan
Funding Range
$500 – $5,500,000
Interest Rate
Prime + 2.25%–4.75%
Loan Term
Up to 25 years
Approval Time
30 – 90 days
Credit Score
650+ preferred
Time in Business
2+ years preferred

How It Works

SBA loans involve more steps than other funding types, but the rates and terms are worth it for qualifying businesses.

STEP 1

See What You Qualify For

A short application tells you which SBA program fits your situation and whether your business meets the eligibility criteria, before you commit to a full application or provide extensive documentation.

STEP 2

Submit Full Documentation

SBA loans require more documentation than other products: typically 2 years of tax returns, financial statements, a business plan, and ownership information. Your approved lender walks you through exactly what’s needed so you know what to expect at each step.

STEP 3

Receive Approval & Funding

After review by the lender and SBA, you receive a formal approval. Funds are disbursed according to the specific program terms, typically as a lump sum for 7(a) loans or proceeds tied to asset acquisition for 504 loans.

Who Qualifies?

SBA loans have the strictest requirements, but offer the most favorable terms for businesses that qualify.

Pros & Cons

SBA loans offer unmatched terms, but come with a longer, more rigorous process.

Advantages

  • Lowest interest rates of any business funding product
  • Longest repayment terms available: up to 25 years for real estate, 10 years for working capital
  • Highest loan amounts, up to $5.5M through 504 programs
  • Government guarantee reduces lender risk, enabling broader approval
  • Builds strong business credit history
  • Wide range of uses: working capital, real estate, equipment, refinancing

Considerations

  • Long approval process, typically 30 to 90 days from application to funding
  • Extensive documentation required: tax returns, financials, and a business plan
  • Strict eligibility requirements; new businesses and those with poor credit typically won’t qualify
  • Personal guarantee required; owners must personally back the loan
  • Collateral often required for larger loan amounts
  • Not suited for urgent capital needs; the timeline is too long for emergencies

Not ready to apply yet? We're happy to call you back.

Find out if you qualify for the lowest rates in small business lending

Takes 2 minutes. No credit impact. No cost to apply. See which SBA program fits your business and what rates you can actually get.

See What I Qualify For  →