SBA Loans

An SBA loan is a business loan guaranteed by the Small Business Administration (SBA). While these loans are issued by banks, private institutions, or local firms, they are guaranteed or insured by the SBA to reduce risk for lenders — making them more available to you.

Why owners choose SBA loans

• More accessibility — guaranteed by the SBA and often available to small businesses that don't qualify for typical bank loans
• Small-business friendly — one of the lowest-cost loans on the market, with favorable rates and longer payback terms
• Flexible funds — expand, refinance, or make purchases including land, equipment, supplies — even existing businesses
• Cultivates credit — build and improve your FICO score for more future lending options with better terms

Is an SBA loan right for me?

What can an SBA loan be used for?

These flexible loans can be used for expansion, construction costs, refinancing, or purchases including land, equipment, supplies — even existing businesses.

Would I qualify for an SBA loan?

This type of loan comes with different requirements for credit, cash flow, and documentation — see the minimum qualifications below. If you don't meet them yet, a business term loan or working capital may be a faster fit.

What types of businesses typically apply for SBA loans?

SBA loans are beneficial for both younger, growing businesses and established companies looking to maintain momentum.

Advantages

• Favorable rates and longer term options
• Multiple loan types to fit your business
• Monthly payments, fixed rates, and special-case principal forgiveness

Minimum qualifications

• 650 minimum FICO credit score
• 3+ years in business
• Loans over $350,000 require real estate collateral

What you'll need to apply

• Last 6 months of business bank statements
• Business debt schedule
• 2 years of business tax returns
• Interim YTD financials (profit & loss statement & balance sheet)

Credit score below 650 or less than 3 years in business? You may still qualify for our Revenue Based Financing, working capital, or term loan programs — mid-600 profiles are considered.