What is an SBA Loan?
SBA loans are government-backed financing options designed to help small businesses access affordable funding. The Small Business Administration (SBA) doesn’t lend money directly—instead, they guarantee a portion of loans made by approved lenders, reducing risk and making it easier for businesses to qualify.
Terms to Review
- Interest and fees - Compare the full cost of the proposed loan
- Repayment term - Confirm the term available for the specific loan and use of funds
- Down payment - Review the required business or owner contribution
- Permitted uses - Confirm that the intended spending is eligible
Common Uses
- Working capital and operational expenses
- Equipment purchases
- Real estate acquisition
- Business expansion
- Refinancing existing debt
How to Qualify
To qualify for an SBA loan, your business typically needs to:
- Be a for-profit business operating in the United States
- Meet SBA size standards for small businesses
- Have invested equity (time or money) in the business
- Have exhausted other financing options first
- Demonstrate the ability to repay the loan
Application Process
- Initial inquiry - Share basic business information and funding needs for review
- Documentation - Gather required documents (tax returns, financial statements)
- Underwriting - Detailed review and approval process
- Closing - Sign documents and receive funds
Apply now or contact us to discuss your business needs and the review process.