SBA vs. other small business loans As a small business owner, you’ll have a lot of different financing options to choose from. Here are some of the differences you’ll find with other common choices via banks, credit unions and online lenders: Loan terms: You can generally borrow more wi...
1 Small Business Administration (SBA) loans provide up to 90% financing. Requires approval through the SBA 7(a), SBA 504 or SBA Express programs. Subject to credit approval. Bank of America credit standards, loan terms, collateral and documentation requirements apply and are subject to SBA guid...
Loan terms are dependent upon purpose; for example, while many 7(a) loans are 10 years, the maximum term for real estate loans is 25 years. Loan Requirements General SBA 7(a) loan requirements state that your business must: Be a for-profit business operating in the U.S. Be a small ...
Loan terms:Range from 7 – 25 years CAPline Loans For small businesses that have been operating for at least one year. The CAPline loan program helps small business meet their short term working capital needs. The series features multiple lines of credit for specific uses: ...
Calculate Your Loan Terms 7(a) loans7(a) small loansSBA Express504 loans Helping businesses succeed for 17 years in the Metro Atlanta area; we pledge our attention to our clients, and focus on solutions. Especially during these challenging times, we understand. We are a small business too....
Businesses must repay SBA loans. Even though the SBA backs them, the debt belongs to the borrower. When a small business borrower fails to pay, the lender can seize collateral, including personal assets, in accordance with the loan terms. ...
SBA 7(a) business loan* Government-backed term loan for the acquisition or expansion of a small business. Key benefits: Loan amounts up to $5 million Terms up to 10 years for business acquisition, equipment or tenant improvement Terms up to 10 years for working capital and inventory ...
Loan terms up to 10 years for non real estate What can I do with an SBA 7(a) Loan? Start up, purchase, or expand operations Fund real estate acquisition Buy equipment Finance partner buyouts Obtain working capital Refinance business debt ...
SBA 7(a) Loan Terms If eligible, borrowers benefit from long-term, low-interest loans that can be used for most general business purposes. Most 7(a) loans have a maximum borrowing amount of $5 million SBA Express loans have a maximum borrowing amount of $350,000. ...
loans arecommercial loans, structured according to SBA requirements, with an SBA guarantee. Small business owners and borrowers who have access to other financing with reasonable terms are not eligible for this type of SBA-guaranteed loan. Guaranteed loan programs from the SBA include the following:...