What are Small Business Administration Loans?
Government-Backed
SBA Loans are government-backed loans from banks offering lower interest rates and longer terms than traditional loans.
| Typical Amount | $250,000 - $5,000,000 |
| Cost | Prime + 1-2.75% |
| Funding Timeline | |
| Best For | Established small businesses, Long-term financing, Real estate purchases, Equipment purchases |
How It Works
SBA Loans foster small business growth by offering government-backed guarantees on loans from banks or credit unions. This support reduces lenders' risk, enabling businesses to secure essential capital. With options like the versatile 7(a) Loan for various needs, the 504 Loan for asset purchases, and the Express Loans for quick funding, SBA Loans cater to diverse business requirements.
Key Features & Benefits
Loan amounts from $250K to $5MM+
Typical term up to 10 years
Advance rates based on cash flow and assets
Available exclusively in the USA
Rates & Terms
| min Amount | $250,000 |
| max Amount | $5,000,000 |
| term Length | Up to 10 years |
| interest Rate | Prime + 1-2.75% |
| closing Time | 45-90 business days |
