SBA Loans

SBA Loans are installment loans issued by banks and private lenders to companies and backed by the US government’s Small Business Administration. The SBA’s guarantee enables small businesses to access larger amounts at competitive, prime-plus rates with longer repayment terms.

With an SBA Loan, your firm gets a one-time infusion of capital that it then repays, along with interest and fees, on a set schedule over a set term.

SBA Loan
Apply for an SBA Loan

Two types of SBA Loans

BorrowPartner features both the SBA 7a and 504 loans:

  • The SBA 7a loans are the SBA’s most common loan program and can be used for short and long-term operating capital, refinancing current business debt, or even buying a business.
  • The SBA 504 loans are commercial real estate loans that can be used for assets that promote business growth and job creation, including land, buildings, or long-term machinery.

To qualify for SBA loans, businesses must:

  • Be considered a small business, as defined by the SBA
  • Be engaged in doing business in the United States
  • Meet the current SBA Size Standards, which vary based on the North American Industry Classification System Codes (NAICS).

The loan amounts and terms are based on several factors, including the business’s financial fundamentals – including annual revenues, profit, existing debt, the business’s credit history, the personal credit profiles of the principals, and more. 

Flexible terms to maximize your opportunity​

SBA Loan Amount

From $250K to $5M

Repayment Term

Up to 10 years

Payback Amount

Fixed

SBA Loan interest rates for borrowers may not exceed the SBA-approved maximum rates, typically prime + 2-3%, with rates varying by loan size and term. 

The payback amount and schedule are fixed, so you can plan those payments in advance.

BorrowPartner offers SBA Loans in all 50 US states.

Many ways to use an SBA Loan

SBA 7(a) Loans are ideal for:

  • Working capital and operating expenses
  • Debt refinancing and consolidation
  • Business acquisition
  • Equipment purchases
  • Short-term growth initiatives

SBA 504 Loans are ideal for:

  • Purchasing commercial real estate
  • Constructing new facilities
  • Renovating existing buildings

How to get an SBA loan?

You can start now

  • Start the application process by completing the SBA Loan Application Short Form.
  • The form is short and easy, without commitment, and necessary to start the process quickly. It does not impact your personal credit in any way.

Or, we can assist

  • Complete our contact form and select Application Assistance in the Inquiry Type, and a representative will call you promptly. BorrowPartner supports you every step of the way.

Either way, we will guide and assist you in preparing your SBA Loan application package. The completed package will then be submitted to one of BorrowPartner’s vetted SBA Preferred Lenders for processing.

Start Your Application

How do SBA loans work?

After processing your short SBA form, our advisors will send you a list of supporting documents required for your financing. BorrowPartner will guide you and help you produce and gather these documents. Once completed, the loan package will be submitted to one of our Preferred SBA lenders for processing.

You will be notified of your approval within a few days, generally subject to proper third-party verifications.

After receiving and processing these verifications, you will receive the funds in your business banking account.

The entire process typically takes four to six weeks. When complete, you enjoy the flexibility provided by your SBA Loan and repay the agreed amount over the fixed period. That’s it.

Get the financing your business needs to grow

Applying for funding with BorrowPartner does not affect your personal credit score

Apply Now
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