SBA Loans for small business.
SBA loans are partially guaranteed by the U.S. Small Business Administration, which lets lenders offer longer terms and lower rates than conventional financing. Best for established operators who can wait 30–60 days for funding.
How sba loans works
You apply with bank statements, business and personal tax returns, a use-of-funds summary, and a debt schedule. Underwriters review revenue, profitability, debt coverage, and principal credit. Most files go through SBA 7(a) or 504. Closing happens after SBA authorization, typically 30–60 days from a complete package.
How SBA loans are structured
Your offer document includes the full cost in dollars, the rate, the total payback, and the payment schedule, all in writing, before you sign.
To apply
- At least 2 years in business (with limited exceptions)
- Personal FICO 680+
- Business and personal tax returns (3 years)
- Most recent 4 months of bank statements
- Debt schedule and use-of-funds summary
Who sba loans fits
SBA loans fit established, profitable operators making a long-term investment — buying a building, acquiring a business, refinancing high-cost debt — who can wait 30–60 days for the lowest cost of capital available to small businesses.