SBA Loans

Lowest rates on the market but lengthy application process.

Plan B Capital | Alternative Lending Consultant Alaska

SBA Loans

Lowest rates on the market but lengthy application process.

What is this program, and how does it work?

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.

What kinds of business is this program best for?

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

•  Businesses expanding an existing business or refinancing debt 

The Pro’s

•  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

The Con’s

•  Long application process, more stringent qualifications

•  More paperwork required than with other loan programs

Typical requirements to get started

•  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!

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