SBA Products - Discover The Right Business Loan For You

SBA Products

The best SBA loan for you will depend on what you’re eligible for and your business’s specific needs.

Use the tables below to learn more about each SBA Loan.

SBA Loan Programs At a Glance

Loan Program	Maximum Loan Amount	Maximum Interest Rate	Maximum Repayment Term	Collateral Required?	Estimated Funding Speed
SBA 7(a)	$5 million	11.50% to 16.50%	10 years (25 years for real estate)	Typically required	45 to 90+ days
SBA Express	$500,000	11.50% to 16.50%	10 years for credit lines	Typically required	10 to 45 days
SBA Export	$5 million	11.50% to 16.50%	Up to 7 years for credit lines	Typically required	Up to 90+ days
SBA CAPLine	$5 million	11.50% to 16.50%	10 years	Typically required	30 to 90+ days
SBA CDC/504	$5.5 million	Varies	25 years	Typically required	2 to 4+ months
SBA Microloan	$50,000	Typically 8% to 13%	6 years	Typically required	30 to 90+ days
SBA Disaster Loan	$2 million	2.75% or 3.75%	30 years	Typically required	30 to 60+ days

SBA 7(a) Loans

Rates & Terms
Maximum Interest Rates	Fixed: 13.50% to 16.50% Variable: 11.50% to 15.00%
Maximum Loan Amount	Standard 7(a) loan: $5 million Small 7(a) loan: $500,000
Repayment Term	10 years (25 years for real estate)
Funding Speed	45 to 90+ days
Examples of Allowable Uses	Working capital Real estate Business debt Machinery and equipment Furniture, supplies, and fixtures Inventory
Qualifications
Credit Score	680 recommended but varies by lender
Time in Business	2 years recommended but varies by lender
Annual Revenue	Varies by lender but recommended to have a history of profitability
Debt Service Coverage Ratio (DSCR)	1.25x recommended but may vary by lender
Down Payment	10% minimum
Collateral	Yes, typically required

Rates & Terms
Maximum Interest Rates	Fixed: 13.50% to 16.50% Variable: 11.50% to 15.00%
Maximum Loan Amount	Standard 7(a) loan: $5 million Small 7(a) loan: $500,000
Repayment Term	10 years (25 years for real estate)
Funding Speed	45 to 90+ days
Examples of Allowable Uses	Working capital Real estate Business debt Machinery and equipment Furniture, supplies, and fixtures Inventory
Qualifications
Credit Score	680 recommended but varies by lender
Time in Business	2 years recommended but varies by lender
Annual Revenue	Varies by lender but recommended to have a history of profitability
Debt Service Coverage Ratio (DSCR)	1.25x recommended but may vary by lender
Down Payment	10% minimum
Collateral	Yes, typically required

SBA Express Loans

Rates & Terms
Maximum Interest Rates	Fixed: 13.50% to 16.50% Variable: 11.50% to 15.00%
Maximum Loan Amount	$500,000
Repayment Term	10 years for revolving credit lines
Funding Speed	10 to 45 days
Examples of Allowable Uses	Working capital Real estate Business debt Machinery and equipment Furniture, supplies, and fixtures Inventory
Qualifications
Credit Score	680 recommended but varies by lender
Time in Business	2 years recommended but varies by lender
Annual Revenue	Varies by lender but recommended to have a history of profitability
Debt Service Coverage Ratio (DSCR)	1.25x recommended but may vary by lender
Down Payment	10% minimum
Collateral	Loans up to $50,000: Not required Loans greater than $50,000: Typically required

Rates & Terms
Maximum Interest Rates	Fixed: 13.50% to 16.50% Variable: 11.50% to 15.00%
Maximum Loan Amount	$500,000
Repayment Term	10 years for revolving credit lines
Funding Speed	10 to 45 days
Examples of Allowable Uses	Working capital Real estate Business debt Machinery and equipment Furniture, supplies, and fixtures Inventory
Qualifications
Credit Score	680 recommended but varies by lender
Time in Business	2 years recommended but varies by lender
Annual Revenue	Varies by lender but recommended to have a history of profitability
Debt Service Coverage Ratio (DSCR)	1.25x recommended but may vary by lender
Down Payment	10% minimum
Collateral	Loans up to $50,000: Not required Loans greater than $50,000: Typically required

SBA Export Loans

Rates & Terms
Maximum Interest Rates	Fixed: 13.50% to 16.50% Variable: 11.50% to 15.00%
Maximum Loan Amount	Export Express: $500,000 Export Working Capital: $5 million International Trade: $5 million
Repayment Term	Export Express: 7 years for revolving lines of credit Export Working Capital: 3 years or less for revolving lines of credit
Funding Speed	Export Express: 10 to 45 days Export Working Capital: 30 to 90+ days International Trade: 30 to 90+ days
Examples of Allowable Uses	Development of export operations Working capital Acquisition and improvement of facilities Machinery and equipment
Qualifications
Credit Score	680 recommended but varies by lender
Time in Business	2 years recommended but varies by lender
Annual Revenue	Varies by lender but recommended to have a history of profitability
Debt Service Coverage Ratio (DSCR)	1.25x recommended but may vary by lender
Down Payment	10% minimum
Collateral	Export Express: Typically required for loans greater than $50,000 Export Working Capital: Typically required

Rates & Terms
Maximum Interest Rates	Fixed: 13.50% to 16.50% Variable: 11.50% to 15.00%
Maximum Loan Amount	Export Express: $500,000 Export Working Capital: $5 million International Trade: $5 million
Repayment Term	Export Express: 7 years for revolving lines of credit Export Working Capital: 3 years or less for revolving lines of credit
Funding Speed	Export Express: 10 to 45 days Export Working Capital: 30 to 90+ days International Trade: 30 to 90+ days
Examples of Allowable Uses	Development of export operations Working capital Acquisition and improvement of facilities Machinery and equipment
Qualifications
Credit Score	680 recommended but varies by lender
Time in Business	2 years recommended but varies by lender
Annual Revenue	Varies by lender but recommended to have a history of profitability
Debt Service Coverage Ratio (DSCR)	1.25x recommended but may vary by lender
Down Payment	10% minimum
Collateral	Export Express: Typically required for loans greater than $50,000 Export Working Capital: Typically required

SBA CAPLine Loans

Rates & Terms
Maximum Interest Rates	Fixed: 13.50% to 16.50% Variable: 11.50% to 15.00%
Maximum Loan Amount	$5 Million
Repayment Term	10 years
Funding Speed	30 to 90+ days
Examples of Allowable Uses	Working capital Administrative expenses Accounts receivable Inventory Labor costs Construction costs
Qualifications
Credit Score	680 recommended but varies by lender
Time in Business	12 months but may vary by lender and loan program
Annual Revenue	Varies by lender but recommended to have a history of profitability
Debt Service Coverage Ratio (DSCR)	1.25x recommended but may vary by lender
Down Payment	10% minimum
Collateral	Typically required

Rates & Terms
Maximum Interest Rates	Fixed: 13.50% to 16.50% Variable: 11.50% to 15.00%
Maximum Loan Amount	$5 Million
Repayment Term	10 years
Funding Speed	30 to 90+ days
Examples of Allowable Uses	Working capital Administrative expenses Accounts receivable Inventory Labor costs Construction costs
Qualifications
Credit Score	680 recommended but varies by lender
Time in Business	12 months but may vary by lender and loan program
Annual Revenue	Varies by lender but recommended to have a history of profitability
Debt Service Coverage Ratio (DSCR)	1.25x recommended but may vary by lender
Down Payment	10% minimum
Collateral	Typically required

SBA CDC/504 Loans

Rates & Terms
Maximum Interest Rates	SBA portion of loan: 6.361% to 6.526% Lender portion of loan: Varies, but typically 6% to 12%
Maximum Loan Amount	$5 Million
Repayment Term	10, 20, and 25 years
Funding Speed	2 to 4+ months
Examples of Allowable Uses	Buildings Land Machinery and equipment Streets and parking lots Landscaping
Qualifications
Credit Score	680 recommended but varies by lender
Time in Business	2 years but can vary per lender
Annual Revenue	Net income must not exceed $5 million for the past two years
Debt Service Coverage Ratio (DSCR)	1.25x recommended but may vary by lender
Down Payment	10% minimum
Collateral	Typically required

Rates & Terms
Maximum Interest Rates	SBA portion of loan: 6.361% to 6.526% Lender portion of loan: Varies, but typically 6% to 12%
Maximum Loan Amount	$5 Million
Repayment Term	10, 20, and 25 years
Funding Speed	2 to 4+ months
Examples of Allowable Uses	Buildings Land Machinery and equipment Streets and parking lots Landscaping
Qualifications
Credit Score	680 recommended but varies by lender
Time in Business	2 years but can vary per lender
Annual Revenue	Net income must not exceed $5 million for the past two years
Debt Service Coverage Ratio (DSCR)	1.25x recommended but may vary by lender
Down Payment	10% minimum
Collateral	Typically required

SBA Microloans

Rates & Terms
Maximum Interest Rates	Typically 8% to 13%
Maximum Loan Amount	$50,000
Repayment Term	6 years
Funding Speed	30 to 90+ days
Examples of Allowable Uses	Working capital Inventory Supplies Equipment Machinery Fixtures
Qualifications
Credit Score	680 recommended but varies by lender
Time in Business	2 years but can vary per lender
Annual Revenue	Varies by lender but recommended to have a history of profitability
Debt Service Coverage Ratio (DSCR)	1.25x recommended but may vary by lender
Down Payment	10% minimum
Collateral	Typically required

Rates & Terms
Maximum Interest Rates	Typically 8% to 13%
Maximum Loan Amount	$50,000
Repayment Term	6 years
Funding Speed	30 to 90+ days
Examples of Allowable Uses	Working capital Inventory Supplies Equipment Machinery Fixtures
Qualifications
Credit Score	680 recommended but varies by lender
Time in Business	2 years but can vary per lender
Annual Revenue	Varies by lender but recommended to have a history of profitability
Debt Service Coverage Ratio (DSCR)	1.25x recommended but may vary by lender
Down Payment	10% minimum
Collateral	Typically required

SBA Disaster Loans

Rates & Terms
Maximum Interest Rates	Nonprofit companies: 2.75% For-profit companies: 3.75%
Maximum Loan Amount	$2 million or 24 months of economic activity
Repayment Term	Up to 30 years
Funding Speed	30 to 60+ days
Examples of Allowable Uses	Working capital Debt payments Employee health benefits Rent Utilities Other daily business expenses
Qualifications
Credit Score	570 (625 for loans greater than $500,000)
Time in Business	None
Annual Revenue	Must be sufficient to repay the loan
Collateral	Required for loans over $25,000

Rates & Terms
Maximum Interest Rates	Nonprofit companies: 2.75% For-profit companies: 3.75%
Maximum Loan Amount	$2 million or 24 months of economic activity
Repayment Term	Up to 30 years
Funding Speed	30 to 60+ days
Examples of Allowable Uses	Working capital Debt payments Employee health benefits Rent Utilities Other daily business expenses
Qualifications
Credit Score	570 (625 for loans greater than $500,000)
Time in Business	None
Annual Revenue	Must be sufficient to repay the loan
Collateral	Required for loans over $25,000