Start or Expand Your Business Today

SBA 7(a) Loans from $250,000 up to $5 Million

An SBA loan offers the flexibility you may not be able to find with other traditional small business loans. Borrowers typically receive longer terms and lower payments.

Use of Funds:

Acquire an Existing Business, including Goodwill
Start a Business or Franchise
Purchase or Construct Commercial Real Estate
Refinance Existing Debt
Purchase Equipment and Machinery
Provide Working Capital
Construct Leasehold Improvements
Purchase Inventory

Consider the benefits of a flexible SBA Loan

Interest Rates and SBA Fee

Variable rates tied to Prime
SBA guarantee fee (can be financed in most circumstances)

Timing

Loan prequalified within 48 hours
Funding as fast as 30 days
Loan commitments typically in 10 business days after receipt of completed application on most transactions

Other

Minimum loan amount should be $250,000
Cash Flow should be a historic 1.15 on most loans, we will factor in projections

Which SBA Loan Works For You?

Compare SBA Loan Options

Frequently Asked Questions

What is a Small Business Administration (SBA) Loan?

A SBA loan is a loan that is guaranteed by the U.S. Small Business Administration. While the SBA doesn’t provide the actual loan they do provide the guidelines lending institutions must follow to make it easier for small businesses to get loans.

Is SouthState an SBA Preferred Lender?

Yes, SouthState is an SBA Preferred Lender serving businesses in Georgia, North Carolina, South Carolina and Virginia.

What’s the difference between an SBA loan and another type of small business loan provided by SouthState?

An SBA loan may have longer term limits and lower payments than other loans offered by South State; it is, however, dependent upon your qualifications.