SBA Loans Government Backed Financing

Work with Kapitus to Get an SBA 7(a), Express Loan, Micro Loan and More.

MULTIPLE SBA LOAN PRODUCTS AVAILABLE:

Rates as low as 6.25%
Longer pay back periods than a traditional term loan
Quicker Approval with Kapitus

MINIMUM BUSINESS REQUIREMENTS:

685 credit score
2+ years in business
$250k average annual revenue

Get A Free Quote Today
Unique ID
How Much Funding Do You Need?*
DBA (Business Name)*
Industry
Use of Funds*
*
First Last
Email*
Phone number*
Credit Score*
Annual Revenue (Estimate)*
How did you hear about us?*
Describe Other*
When Did You Start Your Business?*
When Did You Start Your Business?
Business State
State
I would like to:*
hCaptcha*
Fees may apply. Kapitus needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.

From an SBA Express Loan to a Multi-Purpose 7(a) – Every Business Need is Covered

Whether you’re looking to expand, purchase new real estate, make leasehold improvements, buyout a partner or you simply need some additional working capital, SBA loans may be the perfect long–term financing option for you.

Why Consider SBA Loans as a Business Financing Option?

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.

SBA Loans Pros and Cons – What You Need To Know

Every small business owner knows the importance of working capital and keeping a healthy amount of cash in reserve to keep their business operational. But just because it’s important, doesn’t mean it’s always possible. Enter SBA Loans, a low-cost option available to both established and new businesses across the U.S. But, there are a few downsides: SBA loans are not easy to get – there are stringent requirements that have to be met and the application process can be timely, arduous and down-right confusing at times. Kapitus is here to help you navigate the process – from determining eligibility, to building out your application package through final submission and approval!

Does Your Business Qualify For An SBA Loan?

Qualifying for an SBA Loan is based on a huge number of factors, including the type of loan you are trying to secure and varying types of business-specific information based on your industry. This already seems a bit overwhelming, no? So, let’s start with the minimum basic qualifications required!

You must have a U.S.-based, for profit business
You must have a personal credit score of at least 680
You must have established business credit
Your business needs to have been operating for at least 2 years
You must be able to show profitability

Already knocked out of the running? Don’t panic! There are a number of other affordable business funding options available to you

Things still looking good for you? Reach out and we’ll help you get the application process started.

How To Apply For An SBA Loan?

Applying for an SBA Loan requires a lot of documentation and paperwork, so gear up for a bit of a long ride and a lot of time going through business records. The end result is worth it, though. To get you started, fill out our short online application, which provides us with the basics about your business. Our Financing Specialists will perform a complimentary review of your application and determine what else is needed. This allows us to streamline the process for you so that you know exactly where to spend your time on gathering the appropriate documents. Your Financing Specialist will then take you through each step of the application and funding process, serving as your guide the entire way.

APPLY NOW

SBA Loans Offered By Kapitus

At Kapitus we specialize in two SBA Loan products– the SBA 7(a) loan program and the SBA Express Loans Program.

SBA 7(a) loan

This is the most commonly used SBA program because there are very few limitations around how small businesses can use the loan. Meaning you can use if for real estate purchases, and partner buyouts…or anything in between. Loan amounts in the SBA 7(a) program range from $100,000 to $5,000,000, with terms that can go as far out as 25 years and affordable rates ranging from Prime plus 2.7% to 3.7% (current prime rate is 3.25%).

SBA Express Loan

The loans in the SBA Express Loan program are great for businesses who need access to financing quickly, as they offer an expedited application process where loans can be closed and funded in just 14 days. Similar to 7(a) loans, there are very few limitations around how the loan can be used. Loan amounts in the Express Loan Program can go up to $350,000.

FAQs

Q: What are the SBA Economic Injury Disaster Loans?

A: As part of President Trump’s and the Federal Government’s disaster relief efforts surrounding the COVID-19 global pandemic, billions of dollars have been earmarked for low-interest disaster loans for small businesses and non-profits who have seen economic impacts from the coronavirus. To learn more about the SBAs disaster loans and other local and state disaster relief initiatives, please visit our COVID-19 resource center.

Q: What is the Small Business Administration?

A: The Small Business Administration (SBA) is a government agency that provides support and resources to U.S. small business owners and entrepreneurs. The SBA is not a direct lender, but instead connects business owners to approved lenders to help them run and grow their businesses.

Q: What are the different types of SBA Loans?

A: The SBA provides whole menu of loan options, the most popular of which are the the SBA 7(a) Loans, the SBA Express Loans and the SBA 504 Loan. Others include:

Community Advantage Loans, which are provided to businesses in underserved communities
Veterans Advantage Loans, which are reserved for businesses who have served in any branch of the US armed forces
SBA CAPLines, which provide business owners with lines of credit
Export Loans, which includes both the SBA’s Export Express and Export Working Capital programs, that are available to U.S. based exporters
CDC/504 loans (more commonly known as the SBA 504 Loan Program), which is primarily use for real estate purchases, land improvements, facility renovations and long-term fixed asset purchases.
Microloan Program, which provides loans to intermediary nonprofit entities, who in turn lend the money out to minority and disadvantaged groups

At Kapitus, we work with businesses to get loans through the SBA 7(a) and Express Loans Programs specifically. For the latest SBA Programs visit sba.gov.

Q: What type of collateral is used for SBA Loans?

A: There are no collateral requirements for some of the SBA 7(a) and Express Loans. Whether or not it is a requirement is dependent on the actual loan amount. However, having collateral can help a business to actually secure one of these loans. Some of the more common collateral used by businesses for these loans is equipment, commercial real estate, residential real estate, and Inventory.

Q: What documents are required for SBA Loan approval?

A: To get the application started, you will need to be able to provide the following documents:

Completed Application
2 most recent tax returns (business + personal)
Year-to-date financials, including profit and Loss and a balance sheet
Current Debt Schedule

It’s important to note that more documents will be requested after you are qualified and the approval amount and use of funds has been confirmed.

Q: What credit score is needed for an SBA Loan?

A: The minimum personal credit score for an SBA loan is a 680

It is important to note that we conduct a soft credit pull that will not affect your credit score. However, in processing your loan application, the lenders with whom we work will request your full credit report from one or more consumer reporting agencies. This is considered a hard credit pull, which happens after

Q: How long does it take to get an SBA Loan?

A: The application process for an SBA Loan varies depending on the loan program and the business; but generally you can expect it to take around 14 days for an Express Loan and anywhere from 3 to 6 months for a 7(a) loan.

Resources – Understanding SBA Loans

a list of the types of loans for dentists

How It Works: Small Business Administration (SBA) Loans

Every business is unique.

What works for one may not work for another. With a range of choices, each with its own unique requirements and mechanisms, how do you identify…

What Are SBA Collateral Requirements?

Those seeking an SBA loan are likely familiar with the association’s sometimes confusing collateral requirements. Small business owners are required to name some amount of collateral when applying for an SBA loan, but it can be difficult to determine ahead of time how much collateral may be expected to finalize a loan or what necessarily constitutes collateral.