Despite its name, the Small Business Administration is not the lender on an SBA loan. SBA loans are traditional bank loans with a traditional application process. What makes them unique is the lender’s low risk because repayment is guaranteed by the SBA. Because of this guarantee, SBA loans offer some of the lowest rates available anywhere, the maximums are higher (up to $5M), and repayment terms can range from 7-25 years.

•  Businesses with excellent credit who can wait weeks/months for funding

•  Businesses expanding an existing business or refinancing debt 

•  Borrow as much as $5 million

•  Lowest rates on the market

•  Longer repayment terms of 7-25 years

•  We have lenders who can streamline SBA loans

•  No upfront fees

•  All quotes are free

•  Speak to a human! US-based customer service

•  Long application process, more stringent qualifications

•  More paperwork required than with other loan programs

•  Business operating at least 2 years

•  A detailed loan application

•  Personal financial statements, plus personal tax returns for last 3 years

•  Business financial statements, plus business tax returns for last 3 years

•  Business license

•  Records of all loans applied for in the past

•  Resumes for each principal of the business

•  Copy of the business’s lease

•  And more!