SBA Loans: A Smart Way to Finance Your Small Business Dreams
Access $50,000-$5,000,000
Credit: SBA loans can help small businesses build or improve their credit history, which can make it easier to access other forms of financing in the future
Minimum
Requirements
3+ Months in Business
$60,000+ Annual Gross Sales
675 Minimum Fico Score
Interest rates: SBA loans offer some of the lowest interest rates on the market, which can reduce the cost of borrowing and increase the profitability of the business
Repayment terms: SBA loans have longer repayment terms than most other small business loans, which can lower the monthly payments and improve the cash flow of the business
Down payments: SBA loans typically require smaller down payments than conventional loans, which can help small businesses preserve their working capital and invest in other areas of the business
Flexibility of use: SBA loans can be used for a variety of purposes, such as working capital, equipment, inventory, real estate, expansion, acquisition, refinancing, and disaster recovery
Access to SBA resources: SBA loans come with access to various educational and technical assistance programs offered by the SBA, which can help small businesses grow and succeed
