Government-backed funding with the lowest rates available

The most common programs are SBA 7(a) loans for general business purposes up to $5M, SBA 504 loans for commercial real estate and major equipment up to $5.5M, and SBA microloans up to $50K. Each program has specific eligibility criteria and use-of-fund requirements. We help you determine which program aligns with your needs.

SBA loan approval typically takes 4 to 12 weeks from application to funding. The timeline depends on the complexity of the deal, the completeness of your documentation, and the specific SBA program. Having your financials organized before applying can significantly reduce turnaround time.

Common requirements include three years of business and personal tax returns, a current profit and loss statement, a balance sheet, business debt schedule, a business plan or use-of-funds narrative, and personal financial statements for all owners with 20% or more equity. We provide a full checklist once your initial application is reviewed.

The SBA requires lenders to collateralize loans to the maximum extent possible. For loans under $25,000, collateral is generally not required. For larger amounts, lenders may require business assets, real estate, or other forms of collateral. However, the SBA does not decline loans solely for lack of collateral if other credit factors are strong.