SBA Loan

An SBA loan is a small business loan that is partially guaranteed by the Small Business Administration, which eliminates some of the risk for the financial institution who is issuing the loan.

SBA Express Loan

  • Max loan amount of $350,000

  • Best for pure working capital needs

  • Rate equal to prime + 2.75%

  • 10 year term

  • Collateral may or may not be required

  • Monthly payments

  • No pre-payment penalty

  • Can be used to consolidate higher interest debt

  • Funding within 60 days

SBA 7(a) Loan

  • Max loan amount of $5 million

  • Best for business acquisition, real estate purchase and improvements, machinery and equipment

  • Rate equal to prime + 2.75%

  • 10 year term

  • Collateral required

  • Monthly payments

  • No pre-payment penalty

  • Can be used to consolidate higher interest debt

  • Funding within 60 days