SBA Loans
Government-backed loans with longer terms
SBA loans are partially guaranteed by the U.S. Small Business Administration, which allows lenders to offer longer terms and lower payments than conventional short-term products. The trade-off is a longer, more document-heavy process.
Image 1 of 3: Workshop owners standing together in their manufacturing shop
Terms
- Amount
- $5,000 – $10,000,000
- Term
- Up to 10 years (25 for real estate)
- Speed
- 7 – 45 days*
- Structure
- SBA 7(a) and 504 programs
Requirements
- $8,000+ in average monthly revenue
- 2+ years in business preferred
- Business and personal tax returns
- SBA program eligibility requirements apply*
Best for
- Acquiring a business or commercial property
- Large expansions with a long payback horizon
- Owners prioritizing the lowest monthly payment
1Apply
2Document package
3Underwriting
4Close and fund
EXPLORE ANOTHER OPTION
*See our disclosures for funding speed, approval, and program details.