Frequently Asked Questions & Answers

What is an SBA 7a loan?

SBA 7a loans are the most popular lending program from the Small Business Administration.

Read more here ->

What is an SBA 504 loan?

504 loans are one of the four main lending programs offered by the Small Business Administration.

Read more here ->

What is a Microloan?

Microloans provides up to $50,000 to help small businesses start up & expand, backed by the SBA.

Read more here ->

Updated on
Thu, Jun 02, 2022
Published on
Fri, April 01, 2022
Get Started

People also ask

What can SBA loans be used for?

It depends...

Explore loans types to find the right loan for your business needs.

Most use cases for SBA loans include:

  • Start-up
  • Expansion
  • Equipment purchases
  • Working Capital
  • Inventory
  • Real Estate purchases, business-occupied

How long do SBA loans take?

Is it hard to qualify for an SBA loan?

What do you need to qualify for an SBA loan?

Eligibility requirements for a 7a loan

  1. Operate for profit.
  2. Be engaged in, or propose to do business in, the U.S. or its territories.
  3. Have reasonable owner equity to invest.
  4. Use alternative financial resources, including personal assets, before seeking financial assistance.

Are SBA loans still available?

Get prequalified for SBA

Success! You are being redirected to our SBA Loan Application ->
Oops! Something went wrong while submitting the form.
Secured by Bank-level 256-bit SSL encryption