SBA Loans Low-Cost, Government-Backed Business Financing
What is it?
Small Business Administration (SBA) loans are government-backed financing options that offer low rates and long repayment terms, making them one of the most affordable small business loan products available. They’re ideal for businesses looking to expand, purchase real estate, or refinance debt.
How It Works:
The SBA guarantees a portion of the loan, reducing lender risk and allowing for better rates and terms. Popular programs include the SBA 7(a) loan and SBA 504 loan.
Common Uses:
- Buying or renovating commercial property
- Expanding operations
- Purchasing major equipment
- Refinancing high-interest debt
Pros:
- Lower interest rates than many private loans
- Long repayment terms (up to 25 years for real estate)
- Can be used for many business purposes
- Higher approval rates for qualified applicants
Cons:
- Lengthy application process
- Requires strong credit and financial history
- Collateral may be required
Rates, Terms & Funding Ranges:
- Interest Rate: 7.49-14.99% APR
- Loan Amounts: $50,000 – $5,000,000
- Terms: 10-25 years depending on use
Get Started:
Secure affordable, long-term funding with an SBA loan and take your business to the next level.