SBA loans, particularly the 7(a) and Express Loans, are very versatile and can be used for almost any business purpose. With a variety of term loans available (up to 25 years upon loan approval) and a maximum loan amount that can go up to $5,000,000, your business is sure to find an option that can meet your most basic or your most complex needs. And, because of the government guarantee that comes with these loans, interest rates are very favorable.
SBA Loans Can Be Used For All-Purpose Financing
Working Capital to finance almost any business need you can dream up.
You can get one loan and work with one lender for all of your needs.
The Gold Standard in Small Business Loans
Low down payments interest rates that help keep inflation costs down (thanks to that government guarantee decreasing lender risk).
Long terms and flexible payment schedules allow you to keep your cash reserves intact.
Not Just Money
Some SBA backed loans come with hard to find resources and access to mentorship programs.
Whether you get a loan or not, the SBA has a number of services to help small business growth.
Fueling the Economy
The SBA backs billions of dollars in loans to small businesses each year, keeping businesses running. The SBA doesn’t typically cost tax payers a penny; The SBA funds itself with the guarantee fee it collects.