SBA Loan Program
If you find that your situation isn’t an exact match for a banking loan program, you may still be able to qualify. Banks are much more willing to make a loan to a qualified business under their SBA program.
Why? Because the Small Business Administration will guarantee up to 85% of the loan amount.
SBA programs are flexible and can be used for many purposes including:
– Business acquisitions / expansion
– Real estate financing
– Working capital lines of credit
– Construction Financing
– Inventory Purchases
Benefits of an SBA loan include:
Flexible repayment terms – up to 25 years
Rates as low as 4.75%
| Program | Uses | Max Loan Amount | SBA Guarantee Amount |
|---|---|---|---|
| 7(a) Loans | Business Acquisition Expansion Real Estate Purchase Working Capital Inventory |
$5,000,000 | 85% for loans less than $150,000 75% for loans greater than $150,000 |
| 504 Loans | Real Estate Purchase | $5Million Plus | |
| SBA CAP Lines | Short Term Working Capital Construction Costs Seasonal Working Capital Needs |
$5,000,000 | Same as 7(a) loans |
| SBA Express | Revolving Line of Credit | $350,000 | 50% |