Get the Capital to Grow Your Small Business
Secure government-guaranteed SBA financing. Use it for working capital, refinancing high-cost debt, or acquiring a new business.
What Is an SBA Loan?
SBA loans are government-guaranteed financing designed to help small businesses access capital when they might not qualify for conventional loans.
The SBA 7(a) loan is the most versatile program, used for working capital, business expansion, equipment purchases, or commercial real estate.
The SBA 504 loan is specifically designed for long-term, fixed-rate financing of major fixed assets, such as acquiring owner-occupied commercial real estate or large equipment.
What can an SBA loan be used for?
SBA 7(a) loans can be used for most business purposes:
- Buying or expanding a business
- Purchasing equipment, inventory, or working capital
- Acquiring or improving owner-occupied commercial real estate
- Refinancing existing business debt
The SBA 504 loan finances major fixed assets — not working capital or inventory:
- Acquiring or improving owner-occupied commercial real estate (your business must occupy at least 51% of an existing building, or 60% of new construction)
- Purchasing long-term machinery and equipment (useful life of 10+ years)
- Construction of new facilities
- Refinancing existing qualified business debt
Rate Sheet
SBA 504: U.S. Treasury + a lender-determined spread
SBA 7(a): Prime Rate + a lender-determined spread, capped by the government's maximum
Eligibility Requirements
Business & borrower requirements
- Must be a for-profit small business operating in the U.S. under SBA size standards.
- Must show ability to repay the loan from cash flow.
- Owners with 20% or more equity must provide a personal guarantee.
- Must meet SBA's "credit elsewhere" test — cannot reasonably obtain credit on similar terms without SBA.
- Some lenders require 2+ years in operation; others may accept less with compensating factors.
Borrower / guarantor requirements
- Borrowing entity: loans are made to a legal business entity (e.g., LLC, S-Corp), not an individual.
- Personal guarantee: SBA requires a PG from every owner of 20% or more.
- Post-closing liquidity: guarantors must show sufficient personal funds remaining after closing, typically 6-12 months of total mortgage payments.
Standard application documents
- Business tax returns: 3 years of federal tax returns and/or detailed P&L statements.
- Personal tax returns: 3 years for all principal owners/guarantors.
- Other business financials: 3 years of tax returns and existing loan info for any other businesses owned by guarantors.
- Personal financial statement for each guarantor.
- Resume for each guarantor, highlighting relevant experience.
- Business plan and financial forecasting for the next 2-3 years.
Additional documents for a refinance
- Promissory note for the loan being refinanced.
- Security agreement from the current loan.
- Official payment history from the current lender.
- Most recent billing or mortgage statement.
How to apply for an SBA Loan
Initial consultation and pre-approval
- We will discuss your business's financial situation, the specific purpose of the loan, and your business's financial profile.
- We will guide you through pre-qualification, analyzing your DSCR and capital needs to estimate the loan amount and terms you're likely to receive.
Gather required documentation
- Business financial: tax returns (2-3 years), financial statements, business plan and company history with projections.
- Guarantor financial: personal financial statements, personal tax returns, personal credit reports (we obtain these), resume and personal history statement.
- Property / collateral documents (if real estate): purchase contract, rent roll, environmental questionnaire, appraisal and title info.
Submitting the application
- We check with multiple lenders and compare their offers to secure the best rates and terms, then submit your complete package to the most suitable lender.
Our approved lenders
We shop your SBA scenario across our lending network and bring back the best fit.
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